South Korea to loan US$75 million for 100MW Uzbekistan PV plant

Facebook
Twitter
LinkedIn
Reddit
Email

A 100MW PV plant in Samarkand, Uzbekistan, has come one step closer to beginning construction after officials from the South Korean and Uzbekistan governments signed a memorandum of understanding (MoU) this week to cooperate in bringing solar power to the country.

Local news sources including regional news agency Trend reported that the MoU was signed during the recent visit to South Korea of Uzbekistan’s deputy prime minister Rustam Azimov, who is also the country’s finance minister. And Azernews from nearby Azerbaijan also said that around US$75 million will be loaned to the Uzbek government by the South Korean Economic Development Cooperation Fund (EDCF) towards the project.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

PV Tech reported in late November that the Asian Development Bank (ADB) agreed to lend US$110 million toward the cost of building the plant. Total cost of construction is expected to be around US$300 million.

Known as the Samarkand Solar Power Project, the power station will be the first solar PV plant built in Uzbekistan. According to Azernews, the plant will not be completed until early 2019.

Read Next

September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.
September 16, 2025
The SPPC has launched a request for qualifications for 5.3GW of new renewable power capacity, of which solar will account for 3.1GW.
September 16, 2025
Chinese polysilicon producer GCL-Tech has entered into a strategic financing agreement with Infini Capital, a globally renowned investment institution backed by a Middle Eastern sovereign wealth fund.
Premium
September 16, 2025
At RE+, industry leaders pointed to the resilience of the US solar sector, despite challenges brought by the 'One Big, Beautiful Bill' Act.
September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 16, 2025
Two of the major European solar trade associations, the European Solar Manufacturing Council (ESMC) and SolarPower Europe (SPE), have called for EU policymakers to take measures supporting European solar manufacturing.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines