Phanes Group to develop 200MWac solar project in Uzbekistan

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
From left: Martin Haupts, CEO of Phanes Group, and Laziz Sh. Kudratov, Uzbekistan’s First Deputy Minister of Investments and Foreign Trade. Image: Phanes Group.

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.

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.

Read Next

PV Tech Premium
January 21, 2022
Greece is on track to accelerate solar deployment in the coming years, with the sector boosted by rising demand for renewable offtake agreements from corporations and clean energy policies from the EU, according to the general manager of Greek industrial group Mytilineos’s renewables business.
January 17, 2022
A round-up of the latest projects news, including EDP Renewables completing Indiana’s largest PV project, two Gulf utility companies pricing their first green bonds and an Australian utility linking its project to the national grid.
January 13, 2022
Renewable power purchase agreement (PPA) prices in Europe continue to climb, rising 7.8% quarter-on-quarter in response to the continent’s deepening energy crisis, according to new research from  LevelTen Energy, a provider of renewable transaction infrastructure.
January 7, 2022
Renewable energy asset manager Luxcara has reached financial close for a subsidy-free solar project in Germany that will have a capacity of at least 171MWp and supply power to Volkswagen.
January 4, 2022
Indian independent power producer (IPP) Azure Power has fully commissioned its 600MW Interstate Transmission System (ISTS) connected solar project allocated by the Solar Energy Corporation of India (SECI)
December 15, 2021
EDF Renewables and European cloud solutions provider OVHcloud have entered into a 15-year power purchase agreement (PPA) for the supply of electricity from a 50MW solar PV project in France

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal