MW Energy, a joint venture (JV) between Masdar and W Solar Investment, has entered a memorandum of understanding (MoU) with Tajikistan’s Ministry of Energy and Water Resources to explore the development of renewable energy projects in the country.

Tajikistan is landlocked but has lakes, rivers and glaciers and is dependent on hydropower. It also has potential for other clean energy sources.

The MoU was signed at the Dushanbe International Investment Forum. The JV now plans to build ground-mounted and floating solar, onshore wind and hydropower projects.

The projects will be built under a public-private partnership (PPP) model, with a 500MW capacity target for the first phase.

Masdar CEO Mohamed Jameel Al Ramahi stated: “As Masdar and W Solar mark our entrance into the Tajikistan market, this partnership demonstrates the impressive range of utility-scale renewable energy expertise we are able to bring to the table.

“We look forward to supporting the Republic of Tajikistan with its renewable energy goals and harnessing the abundant power of the nation’s sun, wind and water to generate clean energy and drive sustainable development.”