Masdar Agrees to Explore Renewable Energy Opportunities in Kyrgyzstan

Source: www.gulfoilandgas.com 4/15/2022, Location: Asia

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

His Excellency Bekmurzaev Doskul Djumagulovich, Minister of Energy of the Kyrgyz Republic and Abdulla Zayed, Head of Development and Investment, Central Asia and Russia, at Masdar, signed the MoU in Bishkek, the nation’s capital. Under it, Masdar will explore the development of and investment in a range of renewable energy projects, including ground-mounted solar photovoltaic (PV), floating solar PV and hydropower projects, with a potential capacity of up to 1 gigawatt (GW).

“Masdar is ready to support Kyrgyzstan’s efforts to diversify its energy sources, cut greenhouse gas emissions and deliver carbon-free development by 2050. Kyrgyzstan has abundant potential to develop a wider range of clean energy resources, including solar and floating solar, which will deliver greater energy security and support better management of water resources,” said Abdulla Zayed, Head of Development and Investment, Asia, at Masdar. “Masdar has been a catalyst for energy transition in more than 40 countries around the world, and we look forward to leveraging our extensive experience in both ground-mounted PV and floating solar PV projects to drive sustainable development in Kyrgyzstan. We also welcome the opportunity to extend our presence in Central Asia, which we see as an area of strategic importance for us.”

Kyrgyzstan is targeting reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050. While the country already generates around 90 percent of its electricity from clean energy resources, this is almost exclusively from aging hydropower plants. By tapping the country’s high irradiation levels, Kyrgyzstan could enhance energy security while also managing its water resource levels, which are being diminished by climate change.


Israel >>  8/4/2022 - Eco Wave Power Global AB (publ) (WAVE) (“Eco Wave Power”) announced that it has officially commenced test runs of its newly installed wave energy pilo...
United States >>  8/3/2022 - BASF is committed to renewable energy solutions to power its sites across the United States and has entered into virtual power purchase agreements (VP...

United States >>  7/29/2022 - Borqs Technologies, Inc., a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, with global ope...
United States >>  7/29/2022 - Lion Energy, a leader in safe, silent and eco-friendly power solutions that help individuals, families and organizations of any size become energy ind...

France >>  7/28/2022 - Ardian, a world-leading private investment house, announced that it has entered into an agreement with Groupe Casino, Bpifrance and Tikehau Capital to...
Germany >>  7/28/2022 - Vattenfall and the grocery discounter Netto will cooperate in setting up fast charging stations in Germany. Initially, around 470 charging stations wi...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.