Masdar to invest for 1GW of renewable energy opportunities in Kyrgyzstan

UAE-based renewable energy company Masdar is considering exploring up to 1GW of renewable energy opportunities in Kyrgyzstan.

For this, the company has already signed a memorandum of understanding with Kyrgyz Republic’s Ministry of Energy.

The MoU was signed between Kyrgyz Republic Minister of Energy Bekmurzaev Doskul Djumagulovich and Masdar Central Asia and Russia Development and Investment head Abdulla Zayed.

Masdar will invest in wide range of renewable energy projects such as ground-mounted solar photovoltaic (PV), floating solar PV and hydropower projects in the country.

On the occasion, Abdulla Zayed remarked that "Masdar is ready to support Kyrgyzstan’s efforts to diversify its energy sources, cut greenhouse gas emissions and deliver carbon-free development by 2050."

He stated that Kyrgyzstan has immense opportunities to develop a wider range of renewable energy resources, including solar and floating solar.

Zayed further commented, “Masdar has been a catalyst for energy transition in more than 40 countries around the world, and we look forward to leveraging our extensive experience in both ground-mounted PV and floating solar PV projects to drive sustainable development in Kyrgyzstan.”

Meanwhile, Kyrgyzstan has a goal of cutting 44% of its greenhouse gas emissions and achieve carbon neutrality by 2050.

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