Uzbekistan KUN network reported in detail on March 20 that the UAE Masdar Company carried out a large-scale photovoltaic power plant project in Kashkadariya state. According to the report, the company plans to invest up to $250 million in a public-private partnership (PPP) model to build a massive 300 MW photovoltaic power plant and an accompanying 75 MW energy storage project.

The launch of the project marks an important step in the field of renewable energy in Uzbekistan. The construction of photovoltaic power plants will significantly enhance the region's clean energy supply capacity, helping to reduce dependence on traditional energy sources, while also helping to reduce carbon emissions and achieve green sustainable development.

It is worth mentioning that the Uzbek State Grid has committed to undertake the obligation to purchase electricity for 25 years, and the price of electricity purchase is set at $0.03 / KWH. This move not only provides Masdar with stable earnings expectations, but also demonstrates the Uzbek government's firm support for clean energy development.

During the implementation of the project, Masdar will leverage its expertise in the field of photovoltaic technology and energy storage, and adopt advanced equipment and technology to ensure the efficient operation and sustainable development of the project. At the same time, the project will also create a large number of local jobs and promote the prosperity of the local economy.

For Uzbekistan, the successful implementation of the project will help promote the transformation of its energy structure and achieve diversification and clean energy. This is also one of the important measures for the country to actively respond to the challenge of global climate change and promote green development.

With the growing global demand for renewable energy, photovoltaic power plants and energy storage projects are becoming the focus of investment in more and more countries. This project in Uzbekistan by the UAE Masdar Company will undoubtedly inject new impetus into the development of clean energy in the region and the world.