The agreement was signed in a ceremony at the UAE-Turkmenistan Business Forum in Abu Dhabi. Credit: Masdar.

UAE-based energy firm Masdar has signed a joint development agreement (JDA) with Turkmenistan’s state-owned power company Turkmenenergo to build a 100MWac solar photovoltaic (PV) plant.

The JDA builds on a memorandum of understanding (MoU) signed last October between Masdar and the Turkmenistan government.

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Under the MoU, the two companies agreed to explore development and investment opportunities in solar and wind power projects on a public-private partnership basis. 

The solar PV plant is also Masdar’s first project in Turkmenistan.

Masdar CEO Mohammed Jameel Al Ramahi said: “As a global leader in renewable energy with many projects across Central Asia, Masdar has the right expertise and experience needed to support Turkmenistan’s development of its renewable energy sector.

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“We welcome the signing of the JDA and hope the 100MWac project will be the first of many Masdar projects in Turkmenistan.”

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The project is in line with Turkmenistan’s goal to upgrade its energy infrastructure and reduce its dependence on hydrocarbons.

Turkmenistan Cabinet of Ministers deputy chairman Charymurat Purchekov said: “Today, we have signed a joint development agreement for a 100MW solar power project with the world-famous Masdar company of the United Arab Emirates.

“We hope that this document will mark the beginning of a new stage in the development of the electric power industry of Turkmenistan through the construction of solar and wind power plants, in which this company has accumulated a large and rich experience.

“We thank Masdar for entering such an important agreement with us and look forward to long-term cooperation.”

Earlier this month, Masdar signed an MoU with Jordan’s Ministry of Energy and Mineral Resources for 2GW of renewable energy capacity.

The company also recently agreed to build a 10GW onshore wind project in Egypt in partnership with Infinity Power and Hassan Allam Utilities.