Kazakhstan Joins Race to Produce “Green” Hydrogen
German investors intend to establish the production of “green” hydrogen in the Mangystau region. The roadmap for the implementation of the project was signed during a meeting with the President of the German company “SVEVIND” Wolfgang Kropp, organized during the visit of the Kazakh delegation headed by Deputy Minister of Foreign Affairs of Kazakhstan Almas Aidarov to Sweden.
SVEVIND's activities are aimed at long-term investment of its own and attracted resources, as part of the further development of low-carbon energy in the Republic of Kazakhstan through large-scale production of “green” hydrogen for further export to EU countries.
The investor plans to build wind and solar power plants with a capacity of 30 GW, and use these resources to produce up to 2 million tons of hydrogen per year.
“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 green hydrogen. We are very excited to take this next step in the project development, and we are thankful for the outstanding support of the Kazakh government”, - said Wolfgang Kropp, President of “SVEVIND”.
“Hydrogen energy is one of the most promising industries that may displace all traditional methods of energy extraction in the future. Currently, we have the understanding and the availability of all the needed resources such as wind, solar, water, land and the know-how from Svevind. Ahead awaits interesting, large-scale and challenging projects”, - Deputy Minister of Foreign Affairs of Kazakhstan Almas Aidarov added during a meeting with the head of the “SVEVIND” company.
During the visit, a car detour of the company's current project in Sweden and the largest wind farm in Europe “Markbygden 1101” was also made.
In June of this year, “SVEVIND” signed a Memorandum of Understanding with “NC “KAZAKH INVEST” JSC. As part of the document, investors from the national company and the relevant government agencies will be provided with full support and comprehensive assistance in the implementation of the project at all stages - from obtaining permits to commissioning.
For reference: “SVEVIND” is a German company with many years of experience in large-scale renewable energy projects. Being a completely private company and having solid experience in financing renewable energy projects, the company implemented Europe's largest project of an onshore wind generating complex - the Markbygden 1101 cluster of wind farms in Sweden with a capacity of more than 4 GW. With many years of experience and market knowledge in the field of renewable energy, the company competes confidently in the market and is represented in the markets of Sweden, Finland and Germany
