Masdar's Uzbek solar project financing takes shape

In:

Renewables

Region:

Asia-Pacific

By Max Thompson

Masdar is expected to close a DFI-backed loan by year-end to finance a $112 million solar PV plant in southwestern Uzbekistan. Financed via project vehicle Nur Navoi Solar Foreign Enterprise, the 100MWac/130MWp Navoi scheme is backed by a PPA with National Electric Grid at a tariff of $0.02679...

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