Masdar to build renewable project portfolio in Kyrgyzstan

Masdar, a UAE-based energy company, has signed an agreement with Kyrgyzstan’s Ministry of Energy to establish a 1 GW renewable energy project pipeline in the region.

A 200 MW solar photovoltaic (PV) facility will be the first project that the company will develop, which is scheduled to begin operation by 2026. The successful implementation of projects to develop solar power plants of up to 1 GW capacity will help to ensure the nation’s energy security. The memorandum of understanding (MoU) that the two sides signed in April 2022 serves as the foundation for the deal. In accordance with the MoU, Masdar agreed to explore investments in a variety of renewable energy projects, including  ground-mounted solar PV, floating solar PV and hydropower projects. As a result of the agreement, Kyrgyzstan will be able to achieve its decarbonisation objectives, which include cutting greenhouse gas emissions by up to 44 per cent by 2030 and achieving carbon neutrality by 2050.