German investors intend to establish the production of “green” hydrogen in Mangystau region. The roadmap for the implementation of the project was signed at the meeting with the President of SVEVIND Wolfgang Kropp, organized during the visit of the Kazakh delegation headed by the Deputy Minister of Foreign Affairs of Kazakhstan Almas Aidarov to Sweden.
SVEVIND activities are aimed at long-term investment of the company’s own and attracted funds, 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 the EU countries and other foreign markets.
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 our 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.Wolfgang Kropp, President of SVEVIND
“Hydrogen energy is one of the most promising fields that may displace all traditional methods of energy extraction in the future. Currently, we have the availability of all the required resources such as wind, solar, water, land and the know-how of SVEVIND. We are looking forward to interesting, large-scale and challenging projects moving forward”, – added the Deputy Minister of Foreign Affairs of Kazakhstan Almas Aidarov during the meeting with the Head of SVEVIND.
During the visit, the Kazakh delegation got acquainted with the progress of the company’s current project in Sweden and the largest wind farm in Europe “Markbygden 1101”.
In June this year, SVEVIND signed a Memorandum of Understanding with Kazakh Invest. Within the framework of the agreement, the national company and relevant government agencies will provide to the investors full support and comprehensive assistance in the implementation of the project at all stages – from obtaining permits to commissioning.