Masdar and EDF sign major agreement with Government of the Kyrgyz Republic

The agreement was signed during COP28 in Dubai, UAE, by Kyrgyz Minister of Energy, H.E. Taalaibek Ibraev, Masdar Director, Development and Investment (EMEA), Ahmed Al Awadi and EDF Assets Development Director for Europe and Central Asia, Emmanuelle Chevennement. The signing ceremony was witnessed by the President of the Kyrgyz Republic, H.E. Sadyr Japarov, UAE Under-Secretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, Sharif Al Olama, and EDF Chairman and Chief Executive Officer, Luc Remont.

Despite an extensive clean energy portfolio encompassing solar, floating solar, onshore wind, offshore wind, floating wind, geothermal, battery energy storage systems and green hydrogen, this memorandum of understanding (MoU) represents Masdar’s first entry into the hydropower space.

Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President and Masdar Chairman, said: "At COP28 it will be incumbent on the world to utilise all clean energy sources at its disposal to keep the ambition of limiting global temperature rises to 1.5°C within reach. Hydropower is one of the oldest clean energy sources and has many positive attributes that can help a number of countries around the world achieve their climate goals and meet their net-zero targets."

Masdar CEO, Mohamed Jameel Al Ramahi, said: This agreement represents a new chapter for Masdar in our clean energy journey. With over 17 years of pioneering renewable energy technologies and successfully delivering utility-scale clean energy projects, we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilised for so many other renewable energy sources as we seek, in partnership with EDF, to build a successful collaboration with the Kyrgyz Republic, deepening the strong relationship between the UAE and the Kyrgyz Republic."

Central Asia is a significant emerging market for Masdar which has several agreements to develop solar and wind projects in the region. As the UAE’s clean energy powerhouse and one of the world’s fastest growing renewable companies, Masdar is at the vanguard of advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges.

The company has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion with ambitious growth plans to reach 100 GW of renewable energy capacity and 1 million tpy of green hydrogen production by 2030.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/04122023/masdar-and-edf-sign-major-agreement-with-government-of-the-kyrgyz-republic/