The agreement was finalized during the Hungarian-Kyrgyz Business Forum, which convened approximately 40 companies from both nations to explore opportunities for economic cooperation and investment. This initiative is anticipated to bolster Kyrgyzstan's renewable energy sector and support the country's efforts to expand its clean energy capacity.

In a bid to diversify its energy mix, which is currently heavily reliant on hydropower, and to enhance energy security, the Kyrgyz Republic has set a national goal to increase the share of renewable energy (excluding large hydropower) to 10 percent of total energy supply by 2040.