UAE’s Masdar wins bid to develop Uzbekistan solar project

Masdar said on Tuesday it had won a bid to develop Uzbekistan’s first public-private partnership (PPP) solar project. (File photo: Reuters)

UAE’s Masdar, a subsidiary of Mubadala Investment Company, said on Tuesday it had won a bid to develop Uzbekistan’s first public-private partnership (PPP) solar project.

Masdar, one of the world’s leading renewable energy companies, will develop the 100-megawatt (MW) utility-scale solar plant, under the International Finance Corporation’s (IFC) Scaling Solar program.

The project will be located in the Navoi region of Uzbekistan.

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Last Update: Wednesday, 20 May 2020 KSA 09:56 - GMT 06:56
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