On November 29, the heads of Samruk-Kazyna and China’s SANY Renewable Energy laid the foundation for a plant for the production of wind turbine components.

It is planned to build a plant that will produce gondolas, hubs, towers and other basic components for wind farms. The total cost of the facilities is USD 114 million. The plant is scheduled to launch at the end of 2025.   

“Firstly, over 300 new jobs will be created. Secondly, it involves foreign direct investment. The project will be implemented without additional borrowed funds from Kazakhstan’s development institutions. Thirdly, the localization level will increase to at least 30%. To achieve this, SANY RE plans to open a research and development (R&D) center”, - Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna JSC, noted.

The project is expected to provide wind power plants in Kazakhstan with locally produced wind components.

Kazakhstan plans to achieve carbon neutrality by 2060. To this end, it aims to increase the share of renewable energy sources in the country’s total electricity generation.

In general, to meet the growing demand for electricity, Samruk-Kazyna, together with its partners, plans to introduce about 6 GW of renewable energy sources by 2030.

SANY Renewable Energy (a subsidiary of SANY Group) is one of the largest wind turbine manufacturers in the world. The company’s shares are traded on the Shanghai Stock Exchange, with a market capitalization of USD 5.3 billion as of November 2024. The SANY RE plant in Beijing was recognized as a “benchmark enterprise in the field of intellectual manufacturing” by the Ministry of Industry and Information Technology of China in 2021.

SANY Group is a leading Chinese enterprise in high-tech equipment production, with more than 20 research and development centers. It is the fifth-largest manufacturer of specialized equipment in the world.