The President of the Asian Development Bank (ADB) has approved $750,000 in technical assistance to assess the wind potential for renewable energy development in Turkmenistan, via ADB's technical report "Evaluation of Wind Potential for Renewable Energy Development".
According to the information, the technical assistance is aimed at supporting the government of Turkmenistan in the development of wind energy in order to diversify the energy balance and reduce dependence on natural gas.
Moreover, the technical assistance will focus on creating an enabling environment for wind energy development by providing advice on policy, legal, and regulatory reforms; developing a wind energy development plan; confirming the availability of wind resources; and preparing up to six pre-feasibility studies, including two commercial projects.
In addition, the technical assistance will provide the Ministry of Energy with tools to strengthen the management and implementation capacity of wind energy projects. This will contribute to Turkmenistan's transition to sustainable development and fulfillment of renewable energy targets.
