Since gaining independence in 1991, states in Central Asia and the Caucasus have been strengthening their energy ties with the Gulf Cooperation Council (GCC), particularly in the realm of alternative energy sources like solar, wind, hydropower, and hydrogen. This shift is part of the GCC's broader agenda to transition from fossil fuels to a more diversified energy sector. Companies like the UAE-based Masdar and Saudi-based ACWA Power are at the forefront of this energy transformation, investing in various renewable energy projects across the region. Masdar's projects span from solar and wind parks in countries like Uzbekistan, Azerbaijan, and Armenia, while ACWA Power focuses on wind and solar developments in Uzbekistan and Azerbaijan, with plans for a Combined Cycle Gas-Turbine facility. The recent COP29 summit in Azerbaijan further solidified energy cooperation between the GCC and Central Asia, with Saudi Arabia signing agreements to boost renewable energy development and regional power grid connectivity. The involvement of companies like ACWA Power and Masdar in these agreements signifies a positive outlook on the future of energy partnerships in the region, marking a significant shift in the energy landscape of Central Asia and the Caucasus.