by During the official visit of Emmanuel Macron, the President of France, to Kazakhstan, a joint venture agreement was signed with Total Eren for the construction of wind power stations in Kazakhstan, boasting a total capacity of 1 GW.
Representing Kazakhstan’s side in this venture are Samruk-Kazyna JSC, a sovereign wealth fund and joint stock company in Kazakhstan, and JSC NC KazMunayGas, the state-owned oil and gas company of Kazakhstan. The project is slated for implementation in two stages: the initial stage will introduce a 300 MW capacity, with the subsequent addition of the remaining 700 MW.
The wind power station will be equipped with a power storage system, which aims to mitigate the risk of network instability due to variable wind generation.
Note: Total Eren, a leading French company in the global renewable energy sector, has a portfolio that includes over 2,400 MW of installed capacity and an additional 2,000 MW currently under development.
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
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