By Al Jazeera Tv

Copyright trend

BAKU, Azerbaijan, October 2. Masdar, the
UAE-based renewable energy company, is actively expanding its
presence in the Central Asian market, with ambitious plans to reach
100 gigawatts (GW) of clean energy capacity by 2030, Maryam Al
Mazrouei, Head of Business Development and Investment for the CIS
region at Masdar, said at the KAZENERGY Forum in Astana, Trend reports.

“Today, we are present in more than 40 countries. We have a
project portfolio of over 50 gigawatts across different continents.
And as you clearly mentioned, the leadership has set a target for
us to achieve 100 gigawatts by 2030. So we are on that path to
achieve the target,” Al Mazrouei said.

She emphasized the strategic importance of Central Asia and the
CIS region for Masdar, highlighting the company’s role as a pioneer
in the market. “The Central Asian CIS is a core market for us.
We’ve entered this market early on, and we were the first mover in
this region. And we’re very proud that we were the first mover. We
encourage other companies and other investors as well to come and
explore a region that is rich with solar and wind resources,” she

Al Mazrouei detailed Masdar’s activities in Uzbekistan and
Azerbaijan. “We started in Uzbekistan as our first mover. Today we
already have 2 GW of projects. So we deployed around $2 billion in
Uzbekistan. We’re also very active in Azerbaijan. We started 2018
as well, and we’re very proud that we also developed the first
utility-scale project in Azerbaijan, where currently our portfolio
capacity is around 1.2 GW. So that’s around as well over $1
billion,” she added.