The announcement was made by the country’s president, Ilham Aliyev, during the opening ceremony of the Conference of the Parties 29 (COP29) summit, held in Baku, Azerbaijan.
UAE state-owned renewable energy developer Masdar has signed a joint development agreement (JDA) with the Uzbekistan government to develop more than 2GW of solar and wind projects.
Global renewable energy company Masdar has signed a deal for a 1GW renewable energy project pipeline in Kyrgyzstan set to begin with a 200MW solar PV installation.
UAE-owned renewable energy company Masdar has signed a joint development agreement with state utility Turkmenenergo to develop 100MW solar PV plant in Turkmenistan.
Despite “breakthrough” renewables growth across Southeast and Eastern Europe, the Caucasus and Central Asia in recent years, more needs to be done to boost deployment and reduce the region’s reliance on Russian energy imports.