Kyrgyzstan inks Vietnamese Firms for 1.9 GW Solar Projects

Kyrgyzstan has signed two landmark agreements to boost the country’s renewable energy push. Under the development, Kyrgyzstan’s Cabinet of Ministers signed investment deals with two Vietnamese companies, Rox Energy Global and RECA LLC, for the development of a 1.9 GW solar project. 

The investment agreement calls for the two companies to build and operate the photovoltaic (PV) complex. 

Plant to Go Live by 2027

Planned to be located in the village of Kyzyl-Oruk in the Issyk-Kul region of Kyrgyzstan, the solar farm is expected to commence operation by 2027. Notably, the project is set to become one of the largest solar projects in the region once completed.

The project is currently at its startup stage and will be supported by foreign investment. 

Security measures as the main reason for the project’s implementation, says an official statement published by Kyrgyzstan’s Ministry of Energy. 

In addition to the signing of the agreements, the meeting also hosted discussions on land allocation, connection to electricity networks, and state support.

Rising from Zero

The 1.9 GW solar capacity in the coming years is a major milestone and crucial development for a country that had zero solar power by the end of last year, as reported by the International Renewable Energy Agency (IRENA).

In March 2024, the European Development Bank announced it would provide up to USD 210 million in long-term financing to support the construction of a 300 MW solar plant.

The International Energy Agency (IEA) reports that Kyrgyzstan has considerable untapped renewable energy potential. Notably, the country aims to achieve a 44 percent reduction in greenhouse gas emissions by 2030 and install 1.5 GW of renewable power plants by 2035.