Masdar, a subsidiary of Mubadala Investment Company, has inaugurated the Nur Navoi Solar Project – Uzbekistan's first successfully-financed independent power producer (IPP) solar project.
The 100 megawatt photovoltaic (PV) plant has begun energization and making its first contribution to Uzbekistan's renewable energy targets. Once fully operational, the plant will produce enough power for 31,000 households and displace around 150,000 tonnes of CO2 each year.
Masdar established Nur Navoi Solar FE LLC as the local project company to deliver the PV plant and to operate and maintain it over a 25-year period.