Svevind Energy signs MOU with Kazakh government for 45GW renewable plant

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Svevind Energy’s enormous 45GW project will power green hydrogen production. Image: Svevind Energy

German Developer Svevind Energy has signed a memorandum of understanding (MOU) with Kazakh Invest National Company regarding the planned development of a vast green hydrogen facility powered with solar and wind.

Dresden-based Svevind Energy plans to install solar and wind farms with a combined capacity of 45GW in the predominately steppe areas of Western and Central Kazakhstan.

This generation will then feed 30GW of electrolysers to produce around three million tonnes of green hydrogen every year, which will be either exported to the Eurasian market or used domestically to produce industrial products.

The project is expected to take up to 10 years to become operational, with development through to financing taking around three to five years, while construction and commissioning are expected to take approximately five years.

“Through the development of hydrogen energy, Kazakhstan can get its niche in the world supply of hydrogen”, said Meirzhan Yussupov, chairman of the Board of Kazakh Invest.

“The green hydrogen facilities will lift Kazakhstan among the global leaders of renewable energy and hydrogen at very competitive, ultra-low production costs,” added Svevind CEO Wolfgang Kropp.

Svevind Energy presented its plans to the Kazakh government on 18 and 19 May in Nur-Sultan during a consultation process.

Read Next

January 18, 2022
Hive Hydrogen and Linde plc have teamed up to establish the “world’s largest green ammonia export plant” in Nelson Mandela Bay, South Africa that will have a 780,000 ton/year production capacity.
January 17, 2022
Oman has signed an agreement with energy major bp that will support the potential development of multiple gigawatts of renewables and green hydrogen in the Middle Eastern country by 2030.
January 13, 2022
Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.
January 12, 2022
Despite a current shortage of electrolyser manufacturing capacity, the global green hydrogen sector is poised to benefit from a rapid ramp-up in electrolyser output over the coming years, according to Fitch Solutions.
January 11, 2022
California governor Gavin Newsom said there is “more work to be done” on the state’s net metering laws and that “changes need to be made” to proposals that have been proven highly contentious in the state.
January 10, 2022
Indian conglomerate Adani Group has set up a new subsidiary focused on areas including manufacturing solar equipment and producing green hydrogen.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal