Strong international interest in Uzbekistan’s first 100MW solar tender

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Uzbekenergo will now evaluate the qualifications of the companies to determine which meet the criteria. Flickr:Manu:Manuela

Uzbekistan's first competitive tender for 100MW of solar PV in Navoi region has received 23 submissions from international companies.

State-run utility Uzbekenergo issued the request for qualification (RfP) for the project on 1 February this year. This is the first phase of the government's plan, under the advice of IFC, a World Bank group, to set up 1GW of solar PV through transparent and competitive tenders to reduce the Central Asian country's dependence on gas.

“The tremendous interest and sheer number of companies demonstrate strong investor interest in Uzbekistan,” said Wiebke Schloemer, IFC regional director for Central Asia and Europe. “This is a testimony to the strong commitment by the government of Uzbekistan to increasing private sector participation in the country through an open, competitive, and transparent process that is generating confidence in the country’s infrastructure program and will result in better value for the country.” 

“The number of companies interested in Uzbekistan’s first competitively tendered solar project is a strong indication that the government’s decision to develop this project in a competitive and transparent manner has been well received by investors,” said Georgi Petrov, IFC PPP regional manager. “This project is helping lay the foundation for greater investor confidence and investment in the country.” 

To progress the procurement process, Uzbekenergo will now evaluate the qualifications of the companies to determine which meet the criteria set by the government of Uzbekistan for the project and release a shortlist of companies. 

Another 100MW project led by Uzbekenergo and funded by Asian Development Bank (ADB), and to be built by China Singyes Solar Technologies Holdings, is also under development in Samarkand. 

Uzbekistan currently relies largely on fossil fuels, notably natural gas, to meet its energy needs, with hydropower – currently the country’s only source of renewable energy – accounting for only around 2% of primary energy supply. But with significant solar resources at its disposal, the Uzbek government is looking to develop the renewable energy sector to diversify the country’s energy mix and attract private investment.

Read Next

May 10, 2021
Tutly Solar, French energy giant Total Eren’s subsidiary in Uzbekistan, has been awarded an €87.4 million US$106.32 million) loan package to develop a utility-scale solar PV system in the country.
May 10, 2021
Spanish energy company Acciona plans to carry out an initial public offering (IPO) of its renewables unit before the end of June despite recent volatility among Spanish green energy stocks.
May 6, 2021
Independent power producer has Opdenergy has postponed an initial public offering (IPO) just days before its shares were due to start trading on the Spanish stock exchanges.
May 4, 2021
Spanish renewables developer and independent power producer (IPP) Grupo Ecoener has seen its shares slide on its market debut today.
April 28, 2021
FTC Solar has downgraded the pricing of its initial public offering (IPO) and will list at a price of US$13 per share, rather than initial target range of US$18 – 20.
April 20, 2021
Amazon has announced plans for nine new utility-scale solar and wind projects in the US, Canada, Spain, Sweden and the UK, putting it on track to powering all its activities with renewables by 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021