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April 26 (Renewables Now) – The Worldwide Finance Company (IFC), a member of the World Financial institution Group, stated on Monday that it has signed an settlement to advise Uzbekistan because it prepares to open the marketplace for as much as 500 MW of wind farm initiatives.
The federal government of Uzbekistan is structuring a public-private partnership (PPA) to mobilise the non-public sector expertise and capital to assemble and function the wind farms throughout the nation, IFC stated.
The Central Asian nation has set the goal to generate 25% of its energy from renewables by 2026, the purpose that it plans to realize by growing 5 GW of photo voltaic and three GW of wind energy capability.
IFC highlighted its presence in Uzbekistan and advisory companies it supplied to the federal government on attracting non-public investments within the power sector on clear and aggressive phrases. One of many notable initiatives that the monetary establishment supported within the nation is the 100-MW Nur Navoi photo voltaic farm put in by Abu Dhabi’s renewables firm Masdar.
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