ASHGABAT, Turkmenistan, November 3. The Asian
Development Bank (ADB) is set to finance a comprehensive assessment
of wind energy potential in Turkmenistan, aiming to advance the
country’s renewable energy development, Trend reports via ADB.
According to the information, the project will focus on
identifying viable wind sites, assessing their feasibility, and
providing the government with the tools and knowledge needed to
make informed decisions on future wind energy investments,
supported by $750,000 in funding from the Technical Assistance
Special Fund.
Turkmenistan currently relies almost entirely on natural gas for
electricity generation, creating a lack of energy diversity and
sustainability. This heavy dependence on a single energy source
restricts the integration of renewables like wind and solar,
despite their significant untapped potential. To address these
challenges, the ADB’s initiative will support the evaluation of
wind resources, aiming to diversify the country’s energy mix and
strengthen its energy security.
The project will involve detailed wind resource assessments,
measuring wind speeds and directions to ensure accurate site
selection. These findings will guide the government in planning
scalable wind energy projects. The technical assistance will also
build local capacity for future wind energy developments,
addressing the current lack of expertise and infrastructure needed
to carry out such projects.
Moreover, the initiative aligns with Turkmenistan’s broader
goals, as outlined in its Country Partnership Strategy (CPS)
2024-2028, which prioritizes renewable energy and climate
resilience. It also reflects ADB’s Strategy 2030, which emphasizes
tackling climate change and promoting green energy solutions.
The Asian Development Bank (ADB) is a key partner to
Turkmenistan, supporting improvements in transport infrastructure,
economic diversification, human capital, and climate action. In
2023, ADB approved a small-scale technical assistance project worth
$225,000 to enhance private-sector involvement and develop a
roadmap for public-private partnerships in Turkmenistan. As of
December 31, 2023, ADB had committed $634 million through 14 public
sector loans, grants, and technical assistance projects to
Turkmenistan. The current sovereign portfolio includes a $500
million loan, with cumulative sovereign loan disbursements totaling
$592.54 million.
