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Masdar achieves financial close on 100 MW Nur Navoi Solar project in Uzbekistan
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Masdar achieves financial close on 100 MW Nur Navoi Solar project in Uzbekistan
Masdar, a subsidiary of Mubadala Investment Company and a leading renewable energy companies, announced on Wednesday the financial close of the Nur Navoi Solar Project – Uzbekistan s first successfully-financed independent power producer (IPP) solar project.
Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with representatives from Masdar, Uzbekistan s Ministry of Investments and Foreign Trade (MIFT), the International Finance Corporation (IFC), Asian Development Bank (ADB), the World Bank Group (WBG) and the European Bank for Reconstruction and Development (EBRD). ....

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