Svevind and Kazakh Invest National Company have signed a memorandum of understanding (MoU) to plan and develop mega-scale green hydrogen production facilities in Kazakhstan.
The green hydrogen production facilities will utilise the vast solar and wind power in the Republic of Kazakhstan with Svevind planning to install 45GW of wind and solar farms in the region.
The green electricity will then feed 30GW of electrolysers to produce about three million tonnes of green hydrogen every year.
The green hydrogen will either be exported to the ever growing, lucrative Eurasian markets or equally be used locally to produce high-value green products like ammonia, steel or aluminium.
Svevind presented its plans to the Kazakh Government during governmental consultations in Nur-Sultan with the overall development, engineering, procurement and financing phases all expected to take about three to five years to complete.
The construction and commissioning phases are predicted to take approximately five years.
Meirzhan Yussupov, Chairman of the Board of Kazakh Invest and member of the Board of Directors, said, “Hydrogen energy is very productive, technological and efficient to use. This energy resource can be used in transport, everyday life, energy and the railway industry.
“All of this contributes to the advancement of low-carbon development. The promotion of low-carbon development is in line with the strategic direction of development of the Republic of Kazakhstan and the obligations undertaken in the framework of international agreements.
Wolfgang Kropp, CEO of Svevind, said, “Svevind aims to combine the outstanding natural resources in Kazakhstan with Svevind’s long-time experience and passion in project development to supply Kazakhstan and Eurasia with green, sustainable energy and products, ‘powered by nature’.
“The green hydrogen facilities will lift Kazakhstan among the global leaders of renewable energy and hydrogen at very competitive, ultra-low production costs.
“We trust that for green hydrogen, Kazakhstan is the place to be.”