Masdar forms JV to establish gigawatt-scale renewables pipe in CIS nations, Africa

• Abu Dhabi-based renewables business Masdar has actually set up a new joint venture (JV) that will certainly concentrate on establishing renewable resource projects throughout Eastern Europe, Central Asia as well as Africa.

Referred To As MW Energy, the JV has been set up together with one more Abu Dhabi-based tidy energy designer as well as operator, W Solar Investment, as well as has a first pipe of renewables projects completing greater than 8GW.

MW Energy will initially develop a portfolio of pre-identified projects, primarily in Africa as well as the Commonwealth of Independent States (CIS) region-- Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan and Georgia-- in addition to unidentified "other geographies".

Masdar already has a notable presence in Uzbekistan, where it finished the nation's initial utility-scale solar project last year, while in November it protected an offer to develop and also operate a 200MW PV plant in Armenia.

Mohamed Jameel Al Ramahi, CEO of Masdar, claimed the new JV will certainly enable the designer to "respond faster to market possibilities, prolong our impact into brand-new locations and support more nations in their environment action".

MW Energy will likewise support the Etihad 7 innovation program, a recently introduced campaign led by the United Arab Emirates that is devoted to safeguarding funding for renewable energy projects in Africa.

Elsewhere, Masdar revealed last week it becomes part of a union that aims to build 1.2 GW of solar PV plants in Indonesia that will export electrical energy to Singapore.