Dubai-based Phanes Group has signed a deal with the government of Uzbekistan to develop a 200MWac PV project in the country.
The agreement includes the technical and commercial terms for building, owning and operating the project, including facilities that will connect it to a substation.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Phanes has also secured a power purchase agreement (PPA) with National Electric Grid of Uzbekistan for the facility, which will be constructed in the Navoiy region.
The solar developer and asset manager said the project will “significantly” increase Uzbekistan’s current PV capacity and contribute to the government’s plans to reach 5GW of installed solar by 2030.
“Our country is strongly committed to a low-carbon strategy and increasing the share of renewable energy in our energy mix. Solar energy is an important part of this strategy and Phanes Group’s assistance will contribute to the success of this latest project,” said Sherzod Khodjaev, Uzbekistan’s Deputy Minister of Energy.
While Uzbekistan is heavily reliant on fossil fuels, with most of its electricity supplied by natural gas, the country’s solar sector was recently boosted by Masdar achieving financial close for a 100MW project, which is expected to be operational in the third quarter of 2021.
