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

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

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

Premium
June 2, 2025
Ben Moore reports on RESPONDENT, a European-funded project that uses space technologies to help integrate renewable energy into the grid.
June 2, 2025
Arctech has partnered with ACME Cleantech Solutions to provide 175MW worth of solar trackers for an upcoming facility in Duqm, Oman.
June 2, 2025
A new manufacturing method has produced tandem perovskite-silicon tandem solar cells with a conversion efficiency of 27.8%.
June 2, 2025
National Grid Renewables has rebranded to Geronimo Power following its acquisition by Canadian asset manager Brookfield.
Premium
June 2, 2025
Struggling Swiss solar manufacturer Meyer Burger has announced that its two German subsidiaries, including the owner of its solar cell manufacturing facility in Thalheim, are insolvent.
June 2, 2025
The LECO process used in the production of TOPCon solar cells could increase their resistances by 'orders of magnitude', per new research.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia