Abu Dhabi – Mubasher: The Abu Dhabi Future Energy Company, Masdar, has signed a joint development agreement with the Ministry of Energy and the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan.
Under the agreement, Masdar will develop solar and wind energy projects with a production capacity of more than 2 gigawatts, in addition to developing projects in the field of energy storage batteries with a capacity of 500 MWh in various parts of Uzbekistan. According to a press release.
This agreement strengthens cooperation in the field of clean energy between Masdar and the government of Uzbekistan, which aspires to provide 25% of its energy mix through renewable sources by 2030.
The agreement was signed by Azim Akhmad Khojayev, First Deputy Minister of Energy of Uzbekistan; Sarvar Khamidov, Deputy Minister of Investment, Industry and Trade of Uzbekistan; and Mohammed Jamil Al-Ramahi, CEO of Masdar“.
Said Sultan Ahmed Al-Jaber, Minister of Industry and Advanced Technology, President-designate of the conference COP28Chairman of the Board of Directors of Masdar: This agreement contributes to closer cooperation with Uzbekistan, and we look forward to expanding the horizons of this partnership to develop more pioneering and economically viable projects.
The Abu Dhabi Future Energy Company “Masdar” announced in early April the completion of the financial closure process to finance the development of three solar photovoltaic projects in the Republic of Uzbekistan, provided that the construction of stations with a total production capacity of approximately 900 megawatts will begin soon, making it the largest program To develop solar energy projects in the region.
-Masdar has been active in Uzbekistan since 2019, when it signed an energy purchase agreement with the government of Uzbekistan to develop the 100 MW “Nur Navoi” solar power plant, which is considered the first independent solar energy project to be successfully funded in the country, and was launched and entered into full operation in 2021.
-Uzbekistan, located in Central Asia, is a key strategic destination for Masdar due to its abundance of solar and wind energy resources.
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