Masdar to explore renewable energy opportunities in Kyrgyzstan

Masdar to explore renewable energy opportunities in Kyrgyzstan

/ Policy & Regulations / Monday, 18 April 2022 12:14

Masdar has signed a Memorandum of Understanding (MoU) with the Kyrgyz Republic’s ministry of energy to explore the development of renewable energy opportunities in the Central Asian nation and support Kyrgyzstan’s clean-energy objectives.

His excellency Bekmurzaev Doskul Djumagulovich, minister of energy of the Kyrgyz Republic and Abdulla Zayed, head of development and investment, Central Asia and Russia, at Masdar, signed the MoU in Bishkek, the nation’s capital. Under the arrangement, 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 1 gigawatt (GW). 

“Masdar is ready to support Kyrgyzstan’s efforts to diversify its energy sources, cut greenhouse gas emissions and deliver carbon-free development by 2050. Kyrgyzstan has abundant potential to develop a wider range of clean energy resources, including solar and floating solar, which will deliver greater energy security and support better management of water resources,” said Abdulla Zayed, head of development and investment, Asia, at Masdar. “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. We also welcome the opportunity to extend our presence in Central Asia, which we see as an area of strategic importance for us.”

Kyrgyzstan aims to reduce greenhouse gas emissions by as much as 44% by 2030, and achieve carbon neutrality by 2050. The country already generates around 90% of its electricity from clean energy resources, mostly from hydropower plants. Kyrgyzstan wants to harness the high irradiation levels to enhance energy security while also managing its water resource levels that are receding due to climate change.

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