UAE’s Masdar steps into Turkmenistan: Masdar is building a 100 MW solar plant in Turkmenistan after signing a joint development agreement with Turkmenenergo State Power Corporation, the company said in a statement on Tuesday. This marks the company’s first entry into the country since they signed an MoU last year to cooperate on solar and wind projects on a public-private partnership basis.

What we don’t know: The statement does not disclose the ownership structure for the plant nor does it mention how much Masdar will invest in developing it.

What they said: “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,” deputy chairman of the Cabinet of Ministers of Turkmenistan Charymurat Purchekov said.

Masdar has been snapping up assets: The company has assets in upward of 40 countries, and a combined renewables capacity of 15 GW and USD 20 bn in investments — aiming to reach 100 GW capacity by 2030. Most recently, it signed agreements for a 10 MW wind project and a 2 GW green hydrogen project in Egypt during COP27 as part of a consortium including Egypt’s Hassan Allam Utilities and Infinity Power.