Abu  Dhabi-based renewable energy company Masdar will seek to invest in the  development of renewable energy projects of up to 1 gigawatt in  Kyrgyzstan under an agreement with the Kyrgyz government. Masdar, also known as Abu Dhabi Future Energy Company PJSC, will seek  investments in a variety of renewable energy technologies, including  ground-mounted and floating solar photovoltaic (PV) and hydropower. The  company said on Friday that it had signed a memorandum of understanding  (MoU) with the Kyrgyz Republic's Ministry of Energy on the initiative. Masdar's potential investment is expected to enable Kyrgyzstan to  achieve its 44 percent reduction in carbon dioxide emissions and its  carbon neutrality 2050 goals. The Central Asian country gets 90 percent  of its electricity from clean energy, mostly from aging hydropower  plants. Abdulla Zayed, head of development and investment in Asia at Masdar,  said: "Kyrgyzstan has great potential to develop a wider range of clean  energy, including solar and floating solar, which will lead to greater  energy security, and support better management of water resources.” Masdar has renewable energy investments in 40 countries worth more than  $20 billion (about 1.85 billion euros), the company's 2021  sustainability report shows. The projects it has invested in, both  installed and under development, exceed 15GW. Last month, it launched  construction of a 230-megawatt solar power plant in Azerbaijan. (1.0 USD  = 0.927 EUR)