Masdar to develop 500MW wind farm in Uzbekistan
Masdar has announced it will design, finance, build and operate a 500MW utility-scale wind farm in the country
Following the signing of a deal with Uzbekistan’s Ministry of Investments and Foreign Trade and JSC National Electric Grid, Masdar has announced it will design, finance, build and operate a 500MW utility-scale wind farm in the country.
The project will take shape in the Zarafshon district of the Navoi Region, and is expected to begin commercial operations in 2024.
According to a statement, the Power Purchase Agreement (PPA) and Investment Agreement were signed during a virtual ceremony by Masdar CEO Mohamed Jameel Al Ramahi, Uzbekistan’s deputy prime minister and minister of Investments and Foreign Trade Sardor Umurzakov and chairman of JSC National Electric Grid, Dadajon Isakulov.
“Masdar is our long-term trusted partner in expanding our renewable energy capacities and bringing their well-known international expertise to the country. This energy project with Masdar clearly illustrates the testimony to the strong commitment by Uzbekistan to increasing private sector participation in the country and supports our ambitious clean energy goals,” said Umurzakov.
Al Ramahi said Masdar was proud to be collaborating with the Uzbek Government on its second utility-scale clean energy project in the country. He explained that the 500MW wind farm supports Uzbekistan’s long-term renewable energy ambitions and its strong commitment to not only modernise its power sector but also invest in energy security.
He remarked, “As a global leader in the development of utility-scale wind power, Masdar is committed to advancing clean-tech innovation both regionally and internationally by deploying the latest technologies at scale and enhancing their commercial viability.”
Last year in November, Masdar signed a similar PPA and Government Support Agreement with the government of Uzbekistan. The company announced it was the winning bidder for a solar project after tendering the lowest tariff of $2.679 cents per kilowatt hour in the programme’s competitive auction to develop a 100MW utility-scale PV solar plant.
