Industry association GÜNDER tells PV Tech it expects mix of large-scale tenders and net metering support for smaller systems will drive annual gigawatt-scale growth starting this year.
Government contract win is the latest in the Caucasus region for UAE player, who was chosen last month by neighbour Armenia to start up solar ecosystem with 400MW push.
Middle Eastern clean energy player will assist with US$300-320m roadmap to deliver large-scale PV pipeline in Caucasus state, which only boasts 50MW up-and-running despite high irradiation.
UAE firm unveils construction timeline as it signs PPA for 100MW solar project in Navoiy region, which it was contracted to develop after tabling bid of US$0.027/kWh earlier this year.
Project in Sirdarya follows Helios’ deal for 40MW extension to 300MW-plus Namagan complex and adds to PV growth in Central Asian state, lately known for ultra-cheap solar ventures.
The World Bank's International Finance Corporation (IFC) will act as the transaction advisor for the forthcoming tenders, which will be for 400MW and 500MW respectively.
Win by UAE firm marks one of lowest tariffs seen to date in emerging solar, says World Bank's IFC as it backs maiden Scaling Solar tender in Central Asian state.
Development financier walks PV Tech through project milestones under first solar-only stage of renewable programme, set now to diversify with €300m funding extension.
