{"id":84576,"date":"2024-06-03T00:00:00","date_gmt":"2024-06-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/06\/03\/masdar-breaks-ground-on-250-mw-uzbek-solar-project\/"},"modified":"2024-06-03T00:00:00","modified_gmt":"2024-06-03T00:00:00","slug":"masdar-breaks-ground-on-250-mw-uzbek-solar-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/06\/03\/masdar-breaks-ground-on-250-mw-uzbek-solar-project\/","title":{"rendered":"Masdar breaks ground on 250 MW Uzbek solar project"},"content":{"rendered":"

UAE\u2019s renewables giant Masdar has <\/strong>broken ground on its 250 MW Nur Bukhara solar plant with a 63 MW battery energy storage system (BESS) in Uzbekistan<\/strong>, the company said<\/a> on Friday. The project is the first of its kind in the Commonwealth of Independent States<\/a> (CIS) \u2014 a regional intergovernmental organization in Eurasia \u2014 and is set to start commercial operations by the end of the year, according to Masdar\u2019s website<\/a>. <\/p>\n

Masdar recently secured funds for the project: <\/strong>The company secured a total of USD 159 mn<\/a> in loans, and USD 12 mn in guarantees from a number of international organizations for the construction last month. The financiers included the World Bank, the IFC, the Asian Development Bank, and the Dutch Entrepreneurial Development Bank.<\/p>\n

About the project: <\/strong>The project \u2014 which will stand as Central Asia\u2019s first renewable power facility with a utility-scale battery storage system \u2014 plans to offset around 327k metric tons of CO2, generate around 585 GWh of energy<\/a> annually, and power 75k houses. <\/p>\n

Masdar ?Uzbekistan:<\/strong> Masdar completed the connection<\/a> of four of its solar and wind power farms totalling 1.4 GW to Uzbekistan\u2019s electricity grid last January. The UAE firm also actively contributed to Uzbekistan\u2019s first 100 MW IPP solar project Nur Navoi, which has been in operation since 2021.<\/p>\n

And more is on the way: <\/strong>Masdar was awarded the 300 MW Guzar Solar PV project<\/a> which boasts a 75 MWh storage capacity. The renewables firm signed an implementation agreement with Uzbekistan\u2019s Ministry of Energy and its Ministry of Investments, Industry and Trade, to develop an additional 2 GW of wind energy projects, as well as expand its storage capacity to 1.15 GWh in January. The storage projects will be spread across five existing Masdar projects and bring Masdar\u2019s total Uzbekistan investments to approximately USD 4 bn. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project will generate around 585 GWh of energy annually<\/p>\n","protected":false},"author":1,"featured_media":84577,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[166,11,160,94,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-bess","tag-enterpriseclimate","tag-masdar","tag-solar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"acacc0c9-bb80-4901-9cff-ac7b125bc2dc","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1724.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Masdar breaks ground on 250 MW Uzbek solar project","related_issue":[84569],"teaser":"The project will generate around 585 GWh of energy annually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.94a99edd-945c-4c49-80ef-ff35a06f51df.mp3"},"yoast_head":"\nMasdar breaks ground on 250 MW Uzbek solar project - 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