Masdar to develop 1 GW of renewable projects in Kyrgyzstan

• 2 years ago (2022-04-19)
• David Flin

Asia 892 Renewables 776 Solar 272

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UAE-based renewable energy company Masdar and Kyrgyzstan’s Ministry of Energy have signed an MOU to explore up to 1 GW of renewable energy opportunities in Kyrgyzstan. Under the terms of the agreement, Masdar will explore and invest in a range of renewable energy projects, including ground-mounted solar PV, floating solar PV, and hydropower projects.

The move is to support Kyrgyzstan’s clean energy objectives. The country has set itself a target to cut 44 per cent of its greenhouse gas emissions by the end of this decade and to achieve carbon neutrality by 2050. It currently generates 90 per cent of its energy from renewable energy sources, mainly its aging hydropower plants. Kyrgyzstan aims to improve its energy security with new solar facilities, while managing its available water resource levels.