Turkmenistan's state energy corporation “Turkmenenergo” and UAE-based Masdar have signed an agreement to develop a 100 megawatt solar photovoltaic project. This will be Masdar's first project in Turkmenistan, reports newscentralasia.net.

The agreement was signed on the sidelines of the “UAE-Turkmenistan” business forum by Masdar Chief Executive Officer Mohammed Jameel Al Ramahi and Deputy Chairman of the Cabinet of Ministers of Turkmenistan Charymurat Purchekov in the presence of President of Turkmenistan Serdar Berdimuhamedov and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi.

The document is based on the Memorandum of Understanding signed between Masdar and the government of Turkmenistan in October 2021.

Masdar Chief Executive Officer Mohammed Jameel Al Ramahi said:

“As a global leader in renewable energy with many projects across Central Asia, Masdar has the knowledge and experience to support renewable energy development in Turkmenistan”.

Over the last decade, Masdar has pioneered the development of commercially viable clean energy and green technology solutions around the world.

In accordance with the Presidential Development Program for 2022-2028, it is planned to implement a solar-wind power plant project with a capacity of 10 MW in Turkmenistan. In the future, the country is aimed at the widespread introduction of renewable energy sources, and there are plans to launch domestic production of solar panels, the source notes.