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Masdar inks PPA for 100-MW solar project in Uzbekistan

Solar panels. Featured Image: foxbat/Shutterstock.com

November 11 (Renewables Now) - Masdar Clean Energy of the UAE on Friday said it has signed contracts with the government of Uzbekistan to build a 100-MW solar park in the country.

The company last month was selected as the winner in a national tender for the project in Uzbekistan's Navoiy region with a bid of USD 0.02679 (EUR 0.0244) per kWh. The project will be implemented under the public-private partnership (PPP) model in line with Uzbekistan’s goal to diversify its power mix and add 5 GW of renewables by 2030.

According to the power purchase agreement (PPA) and the government support agreement (GSA) with the Uzbek government, Masdar will be in charge of designing, financing, building and operating the power plant for 25 years. It plans to launch construction in the second quarter of next year, targeting commissioning in the second quarter of 2021.

The 100-MW competitive tender, which lured more than 40 bids, was held with the assistance of the International Finance Corporation (IFC), as part of the Scaling Solar programme. As announced in October, the IFC will support the country in organising more PPP tenders that will award up to 900 MW of solar projects.

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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