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Abu Dhabi’s Masdar winds mandate to expand Uzbekistan wind farm capacity

In December last, Masdar announced financial close on the 100 MW Nur Navoi Solar Project, which is Uzbekistan’s first successfully-financed independent power producer (IPP) solar project.

Masdar signed a PPA and Government Support Agreement with the Central Asian country in November 2019 to design, finance, build and operate the solar plant. Masdar was announced as the winning bidder for the solar project after tendering the lowest tariff of 2.679 US cents per kilowatt hour.

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