Overview
In April 2023, Masdar signed a Power Purchase Agreement (PPA) and Government Support Agreement (GSA) with the Government of the Republic of Uzbekistan to design, finance, build and operate the 250MWac Solar photovoltaic (PV) and 63MW/126MWh capacity of battery energy storage system (BESS) project (Project) in the Bukhara region, Uzbekistan, the first of its kind in the CIS region.
The project was awarded to Masdar under the International Finance Corporation’s Scaling Solar Program Round 3, following a competitive tender featuring more than 10 pre-qualified bidders, with Masdar bidding the lowest tariff. It is scheduled to achieve commercial operations by the end of 2024 and will produce enough power for over 55,000 households, displacing around 367,000 tonnes of CO2 per year.
Masdar has multiple renewable energy projects at various stages of operation and development in Uzbekistan. Nur Navoi was the first Masdar project to begin operations in Uzbekistan in August 2021, and the company has since secured a number of additional projects including an agreement to develop, build and operate a 500MW wind farm in Zarafshan, set to be the largest in Central Asia.
Uzbekistan aims to develop 5 gigawatts (GW) of renewable energy by 2030. Under the IFC’s Scaling Solar programme, Uzbekistan plans to install 1GW of solar PV power.Project Info
Technologies Used
Solar PV
Battery Energy Storage System
Location
Bukhara
Project Completion Year
2024
Status
Under construction
