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Abu Dhabi Future Energy Company (Masdar) has signed a Joint Development Agreement (JDA) with the Uzbekistan Ministry of Energy and the Ministry of Investment, Industry and Trade (MIIT) to develop over 2GW of solar and wind projects and 500 MWh of battery storage. Energy projects spread across multiple sites in Central Asian countries.
Masdar, one of the world’s leading clean energy companies, said the development represented a deepening of the relationship between the UAE’s clean energy powerhouse and Uzbekistan, which aims to have 25 percent of its energy mix come from renewable sources by 2030 energy.
This beautiful Central Asian country is an important strategic destination for Masdar. Uzbekistan plans to have 7 GW of solar and 5 GW of wind capacity installed by the end of this decade.
Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, said: “The UAE is fully committed to supporting countries in decarbonizing. Uzbekistan is an important strategic partner and we will continue to work together to provide renewable energy to power homes. energy projects and businesses, while crucially reducing emissions.”
“The world needs to triple global renewable energy capacity by 2030 to meet 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 will be crucial Helping make that happen is critical,” he said.
The agreement was signed by Azim Akhmedkhadjaev, First Deputy Minister of Energy of Uzbekistan and Sarvar Khamidov, Deputy Minister of Investment, Industry and Trade, and Mohamed Jameel Al Ramahi, CEO of Masdar.
Last month, Masdar struck financing deals for three solar projects in Jizak, Samarkand and Sherabad, with a combined capacity of about 900 megawatts, making it the largest solar development in Central Asia. project.
Once fully operational, the projects will generate enough electricity to power more than 1 million homes, while emitting around 1 million tonnes of carbon dioxide a year, it said.
Al Ramahi said: “We are making history together in Uzbekistan. Our agreement to develop 2GW of solar and expand to 500MWh of battery storage marks an exciting new chapter in the joint journey of Masdar and Uzbekistan. Uzbekistan is an important Partner, 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, the first successfully financed independent power producer solar project in the country. The plant has been in operation since 2021.
Its growing portfolio in Uzbekistan includes Central Asia’s largest wind farm, the 500 MW Zarafshan Wind Farm.-TradeArabia News Service
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