Masdar to develop renewable projects of up to 1GW in Central Asia

Masdar is all set to develop a pipeline of renewable projects in Kyrgyzistan with a capacity of up to 1GW.

For this, the company has already inked an agreement with the Kyrgyz Republic's Ministry of Energy. As per the agreement, Masdar would invest in a wide range of renewable energy projects including ground-mounted solar PV and floating solar PV.

It has been informed that the first project will be a 200MW solar plant that is likely to begin operation in 2026.

Ibraev Taalaibek Omukeevich, Minister of Energy of the Kyrgyz Republic remarked, “Today, the energy system of the Kyrgyz Republic faces challenges meeting the significant demand for electricity from all categories of consumers with our existing resources. The successful implementation of projects to develop solar power plants of up to 1GW capacity will help to ensure our nation’s energy security.”

He was of the view that the large-scale development of the renewable energy system would enhance energy supply further contributing to livelihoods and economy.

Mohamed Jamel Al Ramahi, Chief Executive Officer of Masdar, commented, “Kyrgyzstan is blessed with abundant solar resources and we see this 200MW plant being the first of a number of projects that will support the nation’s goals on emissions reductions, while increasing clean energy access and security.”

To be noted, Kyrgyzstan aims to reduce greenhouse gas emissions by 44% by 2030 and achieve carbon neutrality by 2050.