What's Hot

    CGTN: Mid-Autumn Festival: Xi Jinping’s nostalgia

    September 29, 2023

    Maritime’s green future priced at $28 billion annually until 2050 by UNCTAD

    September 29, 2023

    AMERICAN CONCRETE INSTITUTE ANNOUNCES 2023 MIDDLE EAST CONFERENCE

    September 29, 2023
    Facebook X (Twitter) Instagram
    • Home
    • Contact Us
    UAE GazetteUAE Gazette
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    UAE GazetteUAE Gazette
    Home » Masdar signs 1GW clean energy deal in Kyrgyzstan
    Business

    Masdar signs 1GW clean energy deal in Kyrgyzstan

    January 10, 2023
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Masdar has signed an agreement with the Kyrgyz Ministry of Energy to develop a pipeline of renewable energy projects in the country. The projects, with a total capacity of up to 1 gigawatt (GW), begin with a 200 megawatt (MW) solar photovoltaic (PV) system. Ibraev Taalaibek Omukeevich, Minister of Energy of the Kyrgyz Republic, and Mohamed Jamel Al Ramahi, CEO of Masdar, signed the implementation agreement. By 2026, the 200 MW plant will be operational.

    Masdar signs 1GW clean energy deal in KyrgyzstanBy 2030, Kyrgyzstan plans to reduce its greenhouse gas emissions by 44% and achieve carbon neutrality by 2050. In spite of the fact that the country already generates approximately 90 percent of its electricity from clean energy sources, these resources are almost exclusively generated by aging hydropower plants. As a result of the country’s high solar irradiation levels, there is an opportunity to increase access to clean energy and security of supply.

    Masdar and the Kyrgyz Republic signed a Memorandum of Understanding in April last year. In this Memorandum, Masdar agreed to explore renewable energy opportunities in support of the country’s decarbonization goals. As part of the agreement, Masdar will explore and invest in a wide range of renewable energy projects, including ground-mounted solar PV and floating solar PV.

    Masdar recently announced a new shareholding structure and an increased focus on green hydrogen, which makes it one of the largest clean energy companies in the world. By 2030, Masdar will be able to produce one million tonnes of green hydrogen annually and generate 100 GW of renewable energy. As a clean energy powerhouse, Masdar will lead the UAE’s Net Zero by 2050 Strategic Initiative and contribute to the global energy revolution.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Maritime’s green future priced at $28 billion annually until 2050 by UNCTAD

    September 29, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023
    Latest News

    Maritime’s green future priced at $28 billion annually until 2050 by UNCTAD

    September 29, 2023

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023
    © 2021 UAE Gazette | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.