Masdar indicators solar, hydro MoU in Kyrgyzstan

Apr 18, 2022 02:24 PM ET
  • Developer aims to produce as much as 1GW of opportunities in the Central Asian nation
Masdar indicators solar, hydro MoU in Kyrgyzstan
Image: Masdar

Masdar has signed a Memorandum of Understanding (MoU) with the Kyrgyz Republic's Ministry of Energy to explore the development of approximately 1GW of renewable energy opportunities in the Central Asian nation and also assistance Kyrgyzstan's clean-energy objectives.

Minister of Energy of the Kyrgyz Republic Bekmurzaev Doskul Djumagulovich and also head of advancement and also financial investment for Central Asia as well as Russia at Masdar Abdulla Zayed, authorized the MoU in Bishkek, the nation's capital.

Under it, Masdar will discover the growth of as well as investment in a series of renewable energy projects, including ground-mounted solar photovoltaic (PV), floating solar PV and hydropower projects, with a possible capacity of approximately 1GW.

Zayed (visualized: right) claimed: "Masdar is ready to sustain Kyrgyzstan's initiatives to expand its energy sources, reduced greenhouse gas emissions and provide carbon-free growth by 2050.

" Kyrgyzstan has abundant potential to establish a wider variety of clean energy resources, consisting of solar and also floating solar, which will supply better energy safety and security and also support far better management of water sources.

" Masdar has been a catalyst for energy transition in more than 40 nations around the globe, and we expect leveraging our extensive experience in both ground-mounted PV and also floating solar PV projects to drive sustainable growth in Kyrgyzstan.

" We also invite the opportunity to prolong our presence in Central Asia, which we view as an area of tactical relevance for us."

Kyrgyzstan is targeting lowering greenhouse gas emissions by as much as 44% by 2030, and accomplishing carbon nonpartisanship by 2050.

While the country currently produces around 90% of its electrical energy from clean energy resources, this is nearly exclusively from ageing hydropower plants, Masdar said.

By touching the country's high irradiation degrees, Kyrgyzstan might boost energy security while likewise managing its water source levels, which are being reduced by climate change, the company included.

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