Investment Project: Production of photovoltaic panels

In the near future, a PPP-based tender will be launched in Uzbekistan for two more projects in the field of solar energy with a capacity of up to 200 MW each in Samarkand and Jizzakh regions, followed by additional tenders with a total capacity of 500 MW. 
Uzbekistan has set itself a goal of generating alternative energy with a capacity of up to 5 GW by 2030.

Advantages of project implementation:
According to research by IHS Markit, the global photovoltaic (PV) market will grow 142 GW in 2020, up 14% from last year. The key European markets are expected to be Spain, Germany, the Netherlands, France, Italy and Ukraine, which will account for 63% of all new solar generation facilities in Europe in 2020.

Import analysis:
Total imports of photovoltaic panels for 2019 amounted to 4.4 million USD in monetary terms.

Local partners:
If necessary, assistance will be provided in the search and identification of local partners with production experience that are part of the Uzeltexsanoat Association.

Key investment indicators:
$15.0 M Estimated project cost
4 years Payback period of the project
70 Number of new jobs created

Sales market:
The local market of Uzbekistan, as well as neighboring Central Asian and CIS countries, are considered as the main markets for products.