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.
88MW-plus pipeline in the making near Kiev, Budapest bank backs PV, Kazakhstan's first auction-backed plant, Nauru embraces solar-plus-storage
Development financier walks PV Tech through project milestones under first solar-only stage of renewable programme, set now to diversify with €300m funding extension.
Launch of construction of Green Energy 3000’s Chulakkurgan project will add another utility-scale installation to growing PV ecosystem in Asian state.
Turkish EPC 77 Group secures loans from ADB, CFPS II for project it will build in Kandahar through public-private partnership.
The government of Afghanistan is inviting expressions of interest from developers to bid for up to 2GW of solar as part of an effort by the Central Asian country to boost its energy self-reliance and meet growing electricity demand.
India-based solar EPC Sterling and Wilson plans to enter Kazakhstan with a target of constructing 200MW of solar PV projects by 2020.
The European Bank of Restructuring and Development (EBRD) is financing a second solar park in Kazakhstan following the 50MW Burnoye Solar 1 established in April 2014.
State-run Solar Energy Corporation of India (SECI) is considering opportunities to develop solar PV and help develop policy in various Asian countries, according to a SECI official.