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August 31 (Renewables Now) – Uzbekistan’s Ministry of Power has reached monetary shut for a 500-MW wind farm that will likely be constructed by UAE’s renewables main Masdar within the Navoiy area of the Central Asian nation.
As soon as the power comes into industrial operation by the tip of 2024, it is going to be the most important wind farm in Central Asia capable of energy 500,000 houses and offset 1.1 million tonnes of carbon dioxide emissions per 12 months, the ministry mentioned on Wednesday.
The Zarafshan mission is predicted to attract greater than USD 600 million (EUR 597.96m) in overseas direct funding.
“Immediately, we took a leap ahead in securing Uzbekistan’s clear vitality future – along with our valued companion Masdar. […] Our nation has vowed to fulfill 25% of its vitality wants with renewables by 2030, and attain carbon neutrality in 2050. The Zarafshan mission, Central Asia’s largest wind farm, will likely be a serious contributor to those objectives,” mentioned the nation’s First Deputy Power Minister Azim Akhmedkhadjayev.
For Masdar, the wind mission is the second utility-scale scheme that the Abu Dhabi-based firm is engaged on in Uzbekistan. Final 12 months, it already introduced stay the 100-MW Nur Navoiy solar energy plant. Masdar has additionally contracts for the event of 890 MW of photo voltaic tasks within the Samarkand, Jizzakh and Sherabad areas.
Underneath its long-term technique, Uzbekistan goals to have 8 GW of photo voltaic and wind energy by 2026 and 12 GW of inexperienced vitality capability by 2030 because it seeks to diversify its vitality combine and meet growing demand.
(USD 1 = EUR 0.997)
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