With potential investments of up to $3.1 billion, the project includes wind and solar power plants with a 2-gigawatt capacity, alongside electrolysis and ammonia production units. It aims to produce 75,000 tons of green hydrogen annually, with 310,000 tons of green ammonia derived from it. Part of the output will serve domestic needs, with the majority designated for export.
The project will enhance local infrastructure, including energy storage, water supply, logistics, and hydrogen applications, such as modernizing CHP plants in the Almaty region, supporting sustainable energy and regional development.
Azamat Kozhanov, Deputy Chairman of Kazakh Invest, stated: “We see a strong and sustained interest from international companies in implementing green energy and hydrogen projects. Kazakhstan has tremendous potential — up to 1,820 billion kWh per year for wind and 2.5 billion kWh for solar. Dozens of initiatives are already underway, and we believe that partnerships like the one with YPP will turn this potential into tangible production, exports, and new jobs.”
John M. Bek, YPP’s Chairman, said: “Kazakhstan has unique natural conditions and an investment climate favorable for the development of hydrogen energy. We view the Republic of Kazakhstan as a strategic partner and intend to implement a project that combines Korea’s best technologies with global approaches to sustainable production.”
The agreement facilitates further planning, investment finalization, and partnerships with organizations like South Korea’s Samsung C&T, advancing Kazakhstan’s hydrogen energy goals.
