The autumn visit of the President of the European Council Charles Michel to the capital of Kazakhstan was marked by signature of an important agreement in the field of "green" energy. Hyrasia One plans to build one of the world's five largest plants for production of “green” hydrogen, projects of which are currently underdevelopment, in Kazakhstan. Using wind and solar energy, the company will annually produce up to two million tons of hydrogen.

One of the world's five largest hydrogen production projects has reached another milestone.

•Investment Agreement was signed by the European project's developer and the Government of the Republic of Kazakhstan in the presence of the President of the Republic of Kazakhstan and the President of the European Council.

• Starting from 2032, a wind-solar hydrogen production plant in the Mangystau region will produce up to two million tons of hydrogen per annum.

• Stable economic and legal framework will create a solid foundation for planned investments in the amount of 40 to 50 billion US dollars.

Hyrasia One, a subsidiary of the European holding Svevind Energy Group, operating in the field of environmentally friendly technologies, plans to build one of the world's largest enterprises for the production of "green" (environmentally safe) hydrogen at the territory of Kazakhstan. Hyrasia One project is now moving into the next crucial stage.

Recently, in Astana, in the presence of President of the Republic of Kazakhstan Kassym-Jomart Tokayev and President of the European Council Charles Michel, representatives of Hyrasia One and the Government of the Republic of Kazakhstan signed an investment agreement, which will serve as the beginning of a landmark project.

To implement the Hyrasia One project in the southwestern part of Kazakhstan, it is planned to build wind and photovoltaic facilities with design capacity of 40 gigawatts. Renewable energy produced by these facilities with capacity of 120 terawatt-hours per annum will provide power to industrial zone of electrolyzers at Caspian Sea coast with total capacity of 20 gigawatts and production up to two million tons of “green” hydrogen per annum.

For comparison, such a performance indicator is equivalent to one fifth of the European Union's expected demand for import of “green” hydrogen by 2030.

Thus, Hyrasia One project can become a solid foundation for developing hydrogen markets in Europe, in Kazakhstan itself, as well as in Asian countries.

Signed agreement defines clear parameters of the project, including lands provided for the project, access to infrastructure facilities, free movement of goodsand capital and other economic and legal

“Thanks to Hyrasia One project, we will be able to ensure safety of energy and raw material reserves on unique industrial scale,” explained Mr. Wolfgang Kropp, General Director of Hyrasia One project, founder and head of Svevind Energy Group.

In his opinion, Kazakhstan is an ideal platform for production of “clean” energy and hydrogen. For example, strong winds blow across vast steppes throughout the year, and intensity of solar radiation is much higherthan in the countries of Central Europe.

“Signature of investment agreement allowed moving the project to the next crucial stage. We believe that we are very lucky to find a reliable partner, represented by the Government of the Republic of Kazakhstan, which supports our plans and recognizes enormous economic potential of producing large volumes of “green” hydrogen,” says Mr. Wolfgang Kropp.

According to the study “Global Hydrogen Flows”, published in October 2022 by the Hydrogen Technology Council together with McKinsey, “clean” hydrogen can reduce carbon dioxide emissions by more than five times, which is necessary to achieve global carbon neutrality by 2050. The use of hydrogen will allow reducing the world’s carbon dioxide emissions by 80 gigatons by this time.

The study also noted that a number of countries will have to import significant amounts of hydrogen.

In addition to Japan and South Korea, these include the countries of the European Union.

In this background, signature of agreement on strategic partnership forsustainable production of raw materials, batteries and “green” hydrogen, announced by the President of the European Commission, Ms. Ursula von der Leyen and the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, is an important step.

“The next ten years are crucial for successful energy transition on a global scale. Every action we miss will inevitably be lost for implementation in the future. We want to make a significant contribution with Hyrasia One project,” said Mr. Wolfgang Kropp.          

Hyrasia One plans to build one of the world's five largest plants for production of “green” hydrogen, projects of which are currently under development, in Kazakhstan. Starting from 2032, the giant wind-solar enterprise will produce up to two million tons of hydrogen per annum. Hyrasia One is a company of Svevind Energy Group, European developer of renewable energy projects with head office in Dresden, Germany.

Group of Companies also carries out planning, development and implementation of onshore wind power and photovoltaic projects. In northern Sweden, Svevind is currently developing and implementing Europe’s largest onshore wind energy cluster, Markbygden 1101 project.

Today, the enterprise already produces 1 700 megawatts of energy. It is expected that upon completion of Markbygden 1101 project in 2026, the capacity of the enterprise will reach 3.6 gigawatts. This indicator will cover approximately 8% of Sweden’s electricity needs.