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  • EBRD, ADB and IFC to Provide Financing for a 100 MW Nur Navoi Solar (PV) Photovoltaic Power Plant in Uzbekistan

    Uzbekistan 100 MW Solar Photovoltaic PV Power Plant EBRD ADB IFC Finance small

    /24th December 2020, EBRD, RENEWABLE MARKET WATCHTM/  The European Bank for Reconstruction and Development (EBRD) shall provide financing for a 100 MW solar photovoltaic (PV) power plant in Uzbekistan. The plant is located in the Navoi region and is one of the first renewable energy projects in this country realised by the private investors. The engagement of the EBRD is providing an equity bridge loan of up to US$ 60 million to Nur Navoi Solar Holding for the construction and operation of the plant. The loan will allow the project investors Masdar, owned by Mubadala Investment Company, a global investment holding established and wholly owned by the Government of Abu Dhabi, to borrow the amount of equity it puts into the project. 

  • Request for Prequalification for 100 MW Solar Photovoltaic Project in Uzbekistan

    /27th February 2019, RENEWABLE MARKET WATCHTM/ The state energy company Uzbekenergo and the State Investment Committee, (collectively referred to as the “Procuring Authority”) issued at the beginning of February a request for pre-qualification for the 100 MW solar PV project, in Uzbekistan. The Procuring Authority now invites prospective bidders (each a Prospective Bidder) capable of meeting the qualification criteria set out in this Request for Prequalification document (RFQ) to submit sealed prequalification applications following the requirements of this RFQ. The next stage will involve a Request for Proposals (RFP) from prequalified bidders.

  • Uzbekistan Plans 1 GW New Solar Photovoltaic Projects

    /28th December 2020, RENEWABLE MARKET WATCHTM/ At the beginning of 2021, the country plans to launch a tender for up to 300 MW solar project in the Sherabad district of the Surkhandarya region, according to the Ministry of Energy of Uzbekistan ant this part of a pipeline of 1 GW solar projects that are projected to be built in Uzbekistan in 2021 and 2024.

  • Uzbekistan Solar Photovoltaic (PV) Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /23rd December 2020, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable long-term overview of the country's photovoltaic sector for the next long term period 2020 ÷ 2030. Because of cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria and Italy after 2012, the Republic of Uzbekistan represents a stable investment environment in CIS region with clear rules and auction (tender) procedure. Current cumulative installed PV capacity in the country is insignificant, but a number of solar projects will promptly increase in 2020 and next years.

  • Uzbekistan Welcomes Large Scale Solar Photovoltaic (PV) Projects

    Uzbekistan Solar Market small

    /25th February 2019, RENEWABLE MARKET WATCHTM/  Uzbekistan plans five large scale solar photovoltaic (PV) by 2021. Energy security, affordability, and efficiency are key priorities of the government’s energy strategy, according to the recently published report Uzbekistan Solar Photovoltaic (PV) Power Market Outlook 2018÷2027. Uzbekistan is a promising country among CIS states for investors in solar photovoltaic (PV) energy due to its excellent solar irradiation potential and high fossil fuels dependency rate. The government has adopted policy and legal frameworks with clear goals to reduce energy intensity and losses, and enhance sector investments and institutional change. According to the Decree of the President of the Republic of Uzbekistan dated №4512 ’On measures for further development of alternative energy sources’, principal attention is being paid to broader use of solar energy and biogas. 

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