Middle Eastern developer MW Energy has signed an agreement with the government of Tajikistan to explore at least 500MW of capacity of clean energy projects.
The projects will include floating solar power and hydropower, in landlocked and water-abundant Tajikistan.
MW Energy, a joint venture between Abu Dhabi Future Energy Company PJSC – Masdar and W Solar Investment, has signed an agreement with Tajikistan’s Ministry of Energy and Water Resources.
The MoU was signed during the Dushanbe International Investment Forum.
With an abundance of lakes, rivers and glaciers, Tajikistan relies on hydropower and has huge potential for growing other renewable energy sources.
The collaboration aims to develop projects, including solar, wind and hydropower, as part of a Public-Private Partnership (PPP).
Phase one targets a minimum total capacity of 500MW.
Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, said: “The UAE is proud to be partnering with Tajikistan to explore cutting-edge renewable energy projects to help increase energy security and reduce carbon emissions.
“As the UAE looks forward to hosting COP28 we will continue to work with nations to accelerate the path to a net-zero future.”
Central Asia is a key investment destination for Masdar and it has developed several projects including the 500MW capacity Zarafshan plant in Uzbekistan.
Masdar has also reached financial close on three Uzbek solar projects in Jizzakh, Samarkand and Sherabad, which have a combined capacity of around 900MW.