- Masdar will deploy 1GW of renewable energy projects in Central Asia.
Masdar has inked a Memorandum of Understanding (MoU) with the Kyrgyz Republic’s Ministry of Energy to examine the development of up to 1GW of renewable energy opportunities in the Central Asian nation and support Kyrgyzstan’s clean energy goals.
The MoU was signed by the Minister of Energy of the Kyrgyz Republic Bekmurzaev Doskul Djumagulovich and head of development and investment for Central Asia and Russia at Masdar Abdulla Zayed, the nation’s capital.
Under it, Masdar will explore the development of and investment in a range of renewable energy projects, including ground-mounted solar photovoltaic (PV), floating solar PV and hydropower projects, with a potential capacity of up to 1GW.
Kyrgyzstan aims to reduce greenhouse gas emissions by as much as 44% by 2030 and achieve carbon neutrality by 2050.