Credit: ERG

On Wednesday 3 September 2025, Luxembourg-headquartered mining company Eurasian Resources Group (ERG) announced it had opened its inaugural wind power farm in Kazakhstan.

In its press release, ERG stated that the wind power farm is one of the largest renewable energy projects in Central Asia, with investments exceeding $142 million (€121.5 million).

According to ERG, the Khromtau wind farm in Kazakhstan has the capacity to generate 150 megawatts of green energy. Located in the Aktobe Region, the plant’s 24 turbines are expected to generate more than 500 million kilowatt hours annually, reducing carbon dioxide emissions by up to 440,000 tonnes and saving more than 300,000 tonnes of coal each year.

The project has been implemented by ERG Capital Projects, a Group subsidiary, with financial support from the Development Bank of Kazakhstan.

During the opening ceremony for the project, Shukhrat Ibragimov, CEO and Chairman of the Board of Directors of ERG, said: “With its Khromtau wind power project, the Group makes a major contribution towards achieving Kazakhstan’s national goal of increasing the share of renewable energy sources. ERG is committed to ESG principles, and the new Khromtau wind power farm is a logical and very ambitious next step while implementing this. ERG’s first wind power project has already become a symbol of our transition to green energy.”

Askhat Shakharov, the Akim (head of the regional government) of the Aktobe Region, emphasised the importance of the power plant for the country’s economy and said that systematic efforts have been made to boost investments in the region, as instructed by the President of the Republic of Kazakhstan. 

He said: “Attracting investments to the country is one of the main tasks set by President Kasym-Jomart Tokayev in his State of the Nation Address ‘Just Kazakhstan: Law and Order, Economic Growth, Social Optimism’. The Aktobe Region is always open to investments, innovations and modern production operations, and its economy is thriving”.

Marat Yelibayev, Chairman of the Management Board of the Development Bank of Kazakhstan, commented: “The financing of the Khromtau Wind Power Plant is a striking example of how state development institutions, together with business, are implementing large-scale projects that lay the foundation of Kazakhstan's green economy.”