SkyPower, has announced an estimated $1.3 billion foreign direct investment in Uzbekistan to build 1,000MW of solar energy generation capacity throughout the country. This project will bring the largest foreign direct investment in Uzbekistan’s history. Uzbekistan and SkyPower also signed the first Power Purchase Agreement in the country’s history, whereby the government will be purchasing power from an international and private company.
François-Philippe Champagne, Minister of International Trade for the Government of Canada, remarked, "Growing Canada's cleantech and renewable sectors and encouraging the export of locally developed ideas and solutions that benefit the world is a priority for our government. I am pleased to see industry leaders like SkyPower Global help us towards that goal. This historic partnership with UzbekEnergo and the government of Uzbekistan will bolster growth in the region and help establish Canadian expertise in this fast-growing sector. I commend the SkyPower team for thinking big!"
SkyPower Chief Executive Officer Kerry Adler said that, "There are still more than a billion people globally without access to energy services, and our mission is to bring solar power to people who need it most. This is a historic partnership that will benefit both the Government of Uzbekistan and SkyPower, and we are happy to be building Uzbekistan's first solar power installation. President Mirziyoyev's forward-thinking vision for Uzbekistan, along with the commitment of the Deputy Prime Ministers and the leadership of the National Project Management Office in concert with Uzbekenergo leadership, together have really helped move this project forward. Uzbekistan is a country that holds tremendous opportunities for foreign investors under the vision for growth and expansion of President Mirziyoyev."