- Masdar has revealed that it has made an agreement with Kyrgyzstan for the development of a pipeline of renewable projects in the country.
- The company will leverage its experience in Central Asia to support Kyrgyzstan’s clean energy goals.
Masdar, the Abu Dhabi Future Energy Company has revealed that it has made an agreement with Kyrgyzstan for the development of a pipeline of renewable projects up to 1 GW in the country. This includes an initial solar project of 200 MW that is expected to commence operations by 2026.
Masdar has signed an implementation agreement with the country’s Ministry of Energy after an MoU was signed between the two parties in April 2022. Based on the agreement, Masdar would explore and invest in a range of renewable energy projects such as ground-mounted solar, floating solar and hydropower.
“Today, the energy system of the Kyrgyz Republic faces challenges meeting the significant demand for electricity from all categories of consumers with our existing resources,” said Kyrgyzstan’s energy minister Ibraev Taalaibek Omukeevich. “At the same time, Kyrgyzstan has good solar energy potential. The successful implementation of projects to develop solar power plants of up to 1 GW capacity will help to ensure our nation’s energy security,” he added.
Mohammed Jameel Al Ramahi, the chief executive of Masdar said the company will leverage its experience in Central Asia to support Kyrgyzstan’s clean energy goals.
Kyrgyzstan has the goal of achieving a 44% reduction in its greenhouse gas emissions by 2030 and achieving carbon neutrality by 2050. Most of the country’s electricity is produced from clean energy resources, but they are mainly ageing hydropower plants. It can take advantage of its solar resources to improve clean energy access and security.