Masdar's Uzbek solar project financing takes shape

Masdar is expected to close a DFI-backed loan by year-end to finance a $112 million solar PV plant in southwestern Uzbekistan. Financed via project vehicle Nur Navoi Solar Foreign Enterprise, the 100MWac/130MWp Navoi scheme is backed by a PPA with National Electric Grid at a tariff of $0.02679...