June 10, 2020 Read More →

UAE’s Masdar to build 500MW wind farm in Uzbekistan

ReNews.biz:

United Arab Emirates-based renewables developer Masdar has signed an agreement with the government of Uzbekistan to build a 500MW wind project.

The agreement, with the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan and JSC National Electric Grid of Uzbekistan, covers the design, financing, construction and operation of the wind farm. Commercial operation is expected to occur in 2024.

In November 2019 Masdar signed a PPA and government support agreement with the Government of the Republic of Uzbekistan to design, finance, build and operate the country’s first public-private partnership solar photovoltaic power plant.

Masdar was announced as the winning bidder for the 100MW solar project after tendering the lowest tariff in the programme’s competitive auction.

The 500MW wind project and 100MW solar project will help Uzbekistan reach its goal of developing 5GW of renewable energy capacity by 2030.

More: Masdar inks 500MW wind deal with Uzbekistan

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