Masdar signs agreement for renewables in Turkmenistan

Masdar signs agreement for renewables in Turkmenistan

11 Oct 2021

UAE-based Masdar has signed a strategic agreement to explore renewable energy opportunities in Turkmenistan

 

UAE-based Masdar has signed a strategic agreement to explore renewable energy opportunities in Turkmenistan.

The memorandum of understanding (MoU) was signed by Turkmenistan’s Minister of Energy Hajymuhammet Rejepmyradov and Mohamed Jameel Al Ramahi, CEO of Masdar, in a ceremony held at the leadership pavilion at Dubai Expo 2020.

Turkmenistan is the latest of a number of CIS countries which Masdar has signed agreements with.

In July 2021, Masdar signed contracts to develop two photovoltaic (PV) solar projects in Uzbekistan with a total capacity of 440MW.

Energy & Utilities reported in May that Masdar had been selected as the winning bidder to develop 220MW Jizzakh PV independent power producer (IPP) project and the 220MW Samarkand PV IPP project.

Masdar has also been awarded a contract to develop a 457MW PV IPP in the Sherabad district of Uzbekistan. Masdar submitted the lowest bid for the Sherbad project in May 2021.

Uzbekistan awarded the contract to develop the country’s first solar IPP project to a consortium led by Masdar in November 2019.

Masdar reached financial close for the 100MW Navoi solar project in December 2020.

In July 2021, UAE-based Masdar won a tender to develop a 200MW photovoltaic (PV) solar project in Armenia.

 

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