UAE’s Masdar Signs Investment Agreement for 1 GW Wind Project

19 Nov 2024 CW Team

UAE-based renewable energy company Masdar has signed an investment agreement with its partners to develop a 1 GW wind energy project in Kazakhstan’s Jambyl region. The project will include a 600 MWh Battery Energy Storage System (BESS). Construction is scheduled to begin by early 2026. The investment agreement was signed between W Solar, Qazaq Green Power—a subsidiary of Kazakhstan’s sovereign wealth fund Samruk-Kazyna—and the Kazakhstan Investment Development Fund on the sidelines of the ongoing COP29 in Baku, Azerbaijan. The project, for which the first agreement was signed in January 2023, is expected to power around 300,000 homes and offset about 2 million tons of carbon emissions annually. Kazakhstan’s government has been advancing renewable energy projects to reduce its carbon footprint, targeting 15% renewables in its energy mix by 2030, with a vision of achieving net-zero emissions by 2060. The agreement represents a major investment in the country’s potential as a major clean energy producer. The project is set to be one of the largest wind farms in the Commonwealth of Independent States region. The wind project is Masdar’s inaugural project in Kazakhstan, which highlights its commitment to delivering large-scale renewable energy projects globally. Established in 2006, Masdar aims to have a renewable energy portfolio of 100 GW by 2030 and is expanding its global footprint. It has projects in over 40 countries. Last December, Masdar and Taaleri Energia, a Finland-based renewable energy developer, acquired eight hybrid renewable energy projects in Poland with a combined capacity of 1 GW from Domrel Biuro Us?ug Inwestycyjnych. Last year, Masdar signed an agreement with Dubai Electricity and Water Authority to construct and operate the sixth phase of the 1.8 GW Mohammed bin Rashid Al Maktoum Solar Park. The project will cost approximately AED5.51 billion

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..