Masdar Turkmenistan Solar Plant: A Commitment to Renewable Energy
Masdar, a leading renewable energy company based in the UAE, has announced a significant step in its Central Asian expansion with a new agreement signed with Turkmenistan’s Ministry of Energy. Formalized at a ceremony in Ashgabat, the deal paves the way for a 100-megawatt (MW) solar photovoltaic (PV) plant.
This project marks Masdar’s first foray into Turkmenistan’s renewable energy market and solidifies its growing presence in the region. For further insights into the Turkmen solar landscape, this market report offers a comprehensive overview.
This new solar plant is part of a broader initiative to boost Turkmenistan’s renewable energy capacity and diversify its energy mix, moving away from a heavy reliance on fossil fuels.
The agreement was signed by Orazmyrat Gurbannazarov, Turkmenistan’s Minister of Energy, and Mohamed Jameel Al Ramahi, CEO of Masdar. High-ranking officials from both nations attended the signing, underscoring the partnership’s significance, including Rashid Meredov, Deputy Chairman of Turkmenistan’s Cabinet of Ministers, and the country’s Ambassador to the UAE.
Strategic Partnership for the Masdar Turkmenistan Solar Plant Development
The project builds upon a framework agreement signed between the UAE and Turkmenistan in February 2024 to develop renewable energy projects across Central Asia. This earlier agreement incorporated a 2023 memorandum of understanding (MoU) that outlined plans for 400 MW of renewable projects, signaling a long-term commitment to sustainable energy development in the region.
Masdar CEO Mohamed Jameel Al Ramahi highlighted the company’s dedication to supporting Turkmenistan’s renewable energy goals. “We are proud to partner with Turkmenistan on this important project,” he said, adding that the 100 MW solar plant represents a crucial step in the country’s transition to a low-carbon energy future.
Masdar’s Expanding Role in Central Asia’s Clean Energy Transition
Masdar is rapidly expanding its presence in Central Asia, underscoring its commitment to the region’s clean energy transition. The company’s regional portfolio already includes several key projects, such as a 100 MW solar PV plant in Uzbekistan and a 500 MW wind farm in Kazakhstan. (More information on Uzbekistan’s solar sector is available in this report.) These projects contribute to Masdar’s global portfolio, which has now grown to exceed 20 gigawatts (GW) of installed renewable energy capacity.
This regional expansion reflects Masdar’s broader commitment to global renewable energy goals while also supporting the UAE’s own efforts to diversify its economy and reduce carbon emissions. The company is a recognized leader in developing clean energy projects across the Middle East, Africa, and Asia.
The 100 MW solar plant is projected to significantly boost Turkmenistan’s renewable energy capacity, helping the nation reduce its reliance on fossil fuels and lower carbon emissions. In addition, the project is expected to stimulate economic development by creating jobs and attracting foreign investment.
Masdar’s Global Mission and the Turkmenistan Partnership
Masdar has been a key player in advancing renewable energy projects worldwide, and its work in Central Asia is a core part of its strategy to expand its global footprint and support the transition to cleaner energy sources. The company’s focus on solar and wind power directly contributes to international efforts to combat climate change and reduce greenhouse gas emissions.
The partnership between Masdar and Turkmenistan highlights the growing importance of renewable energy throughout the region. This 100 MW solar plant is one of several projects Masdar has planned for Central Asia, reflecting a strategy of collaborating with local governments to develop sustainable energy solutions that benefit both the environment and the economy.
As Masdar continues to expand its renewable energy portfolio, it maintains its mission to provide clean, affordable, and reliable energy worldwide. The agreement with Turkmenistan marks a significant milestone on this journey, underscoring the company’s dedication to a greener, more sustainable future.
