BAKU, Azerbaijan, Oct. 30
By Fakhri Vakilov-Trend:
An agreement has been reached between Uzbekistan’s Ministry for Innovative Development and Thai Helios Energy company to build a vast photovoltaic installation in Uzbekistan’s Syrdarya region, Trend reports citing the company.
“The deal comes only a month after Helios Energy announced the agreement to construct a 40 MW Solar park in Namangan, Uzbekistan,” read the message.
The company reported that under the agreement, which is similar to a deal on Namangan, the Helios Energy company will oversee the engineering, procurement and construction of the 110 MW site in Syrdarya. The collaboration with the Ministry of Innovative Development will see 220,000 500W solar panels being used across an estimated 80-hectare site.
The installation will provide renewable energy to meet the demands of a hotel and casino complex already under construction in the region. The company will start laying cable early 2020, with an aim for the site to be fully operational by late 2023.
Helios Energy already has a Memorandum of Intent with Uzbekistan’s government to expand the Namangan site to a total of 360 MW, as well as two fixed rate Purchasing Power Agreements in place in Thailand totaling 590 MW.
This 110 MW PV array reiterates the commitment Uzbekistan has made to develop up to 5 GW of solar power by 2030, supplying a quarter of its electricity needs through renewables in the process, read the message.
Helios Energy is a renewable energy company with a focus on solar power installations. The company acquires and install solar infrastructure and sell generated power to private and public entities.
Helios Energy is the brainchild of Jeremy Tan, the highly successful entrepreneur who founded one of the largest blockchain data centers in the world, Veritas Mining.
Jeremy has long believed in contributing towards a more environmentally sustainable world, and recognizes solar energy production as a key component of realizing such a world. Jeremy has gathered a group of technical and business experts with significant experience in their respective areas of expertise to form what he envisions as being a global leader in renewable energy production.
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