Masdar signs agreement to develop over 2 gw of clean energy in Uzbekistan – EQ Mag

“The world needs to triple global renewable energy capacity by 2030 to reach the goals set out in the Paris Agreement. As we prepare to host COP28 in the UAE, we believe ambitious partnerships with countries like Uzbekistan are vital in helping to meet this target.”

The agreement was jointly signed in Uzbekistan by Azim Akhmedkhadjaev, First Deputy Minister of Energy of the Republic of Uzbekistan; Sarvar Khamidov, Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan; and Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar.

Commenting on the agreement, Al Ramahi said, “We are making history together in Uzbekistan. Our agreement to develop 2 GW of solar and expand into 500 MWh of battery storage, marks an exciting new chapter in Masdar and Uzbekistan’s shared journey. Uzbekistan is a key partner, and Masdar is proud to support its ambitious renewable energy goals.”

Masdar has been active in Uzbekistan since 2019, with the 100 MW Nur Navoi Solar Project, which is the nation’s first successfully financed independent power producer solar project. The plant has been operational since 2021.

Masdar’s growing portfolio in Uzbekistan includes the largest wind farm in Central Asia, the 500 MW capacity Zarafshan plant. Last month, Masdar reached financial close on three solar projects in Jizzakh, Samarkand and Sherabad, which have a combined capacity of around 900 megawatts – making it the largest solar development programme in Central Asia. Once fully operational, the projects will generate enough electricity to power over one million homes, while displacing around one million tonnes of carbon dioxide annually.

Source: PTI