Masdar and AD Ports signed a host of agreements on the sidelines of COP28 over the weekend, including renewable energy and logistics projects in Kazakhstan, Malaysia, Angola, Germany, and Greece.

Masdar officially enters Kazakhstan’s market: Clean energy giant Masdar inked a joint development agreement at COP28 to develop a 1 GW wind power project in Kazakhstan alongside W Solar, Qazaq Green Power QGP, and the Kazakhstan Investment Development Fund, according to a press release out on Saturday. The agreement builds on a previous MoU signed in January, anticipating that the initial phase of the project will generate 500 MW of clean energy. The financial details and deployment timeline were not disclosed.

More renewables in Malaysia + Indonesia: Masdar signed an implementation roadmap with Malaysia to proceed with the development of 10 GW worth of clean energy projects including round-mounted, rooftop, and floating solar power plants, onshore wind farms, and battery energy storage systems, according to Wam. The company also signed an agreement with Indonesia’s state-owned PLN to proceed with plans to add up to 500 MW capacity to its Cirata 145 MW floating solar plant in Indonesia and to explore green hydrogen projects.

And made moves in Angola: Masdar also signed an agreement with Angola’s Energy and Water Ministry to develop a 150 MW onshore solar power plant in the Hulia province of the African country, Wam reported on Saturday. The financial details of the agreement and a timeline for the project was not disclosed. Once operational, the project is set to offset 224k tons of CO2 annually and provide enough clean power to some 90k households in Angola.

Further north: The company is also widening its presence in the UK: Masdar signed an agreement with German energy company RWE to purchase 49% of RWE’s 3 GW Dogger Bank South offshore wind farms as part of its larger GBP 11 bn investment ticket into UK renewables, Wam reported on Friday. The acquisition will pave the way for Masdar and RWE to jointly co-develop the two offshore wind farms with construction starting as early as 2025, according to a RWE statement. The first 800 MW of electricity is planned to come online in 2029 with the aim to fully commission the projects by late 2031, the statement added. Closing of the agreement is subject to customary approvals and expected in 1Q 2024, Wam notes.

AD Ports is setting up a JV with Kazakhstan Railways to develop a regional logistics hub in Kazakhstan, with AD Ports Group holding a 51% stake in the JV and Kazakhstan Railways taking the remainder, according to a press release.

Kazakhstan will also get a shipyard: ADP and Kazakhstan’s state-owned oil and gas company KazMunayGas (KMG) inked an MoU to develop a maritime construction and repair facility in the Mangistau region, according to a press release. The shipyard is expected to expand the role of Caspian Integrated Maritime Solutions (CIMS) — a JV between ADP and KMG to facilitate the transportation of oil on the Caspian and Black seas by supporting CIMS’ fleet, and expanding client services to third parties.

There’s always room for AI: On the sidelines of COP28, ADX-listed AI company Presight AIHoldings formed a JV with Kazakhstan’s sovereign wealth fund Samruk-Kazyna to utilize Presight’s big data in Kazakhstan’s energy, public services, and transport sectors, a bourse filing reads. Both companies will also explore the capacity for high performance computing (HPC) and the development of advanced AI tools.

MEANWHILE- AD Ports and the Vietnamese transport ministry inked an MoU to boost commercial expansion in various logistics-related sectors, according to a press release. The companies will work on developing and managing dry ports, inland container depots, advanced logistics, and digital solutions, while also exploring future projects in economic cities and free zones, the statement reads.

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