Financial close reached for 200 MW Solar & 500 MWh BESS project in Uzbekistan
ACWA Power has reached a financial close for the US$533 million 200 MW solar plant and a 500 MWh Battery Energy Storage System (BESS) project in Tashkent, Uzbekistan.
The financing agreements were signed with six lenders: the European Bank for Reconstruction and Development (EBRD), Islamic Development Bank, DEG, Proparco, Standard Chartered, and KfW-IPEX Bank. The total debt from these agreements amounts to US$386 million, covering over two-thirds of the project's total cost.
This project can power 170,000 households and the battery storage capacity is equivalent to 8000 electric vehicles. The BESS will help address the intermittency issues of renewable energy by storing surplus electricity generated during high production and releasing it during periods of low production. This system will ensure a stable and reliable electricity supply to the grid, aiding in meeting Uzbekistan's growing energy demand.
Country news
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May 06, 2024
PPA deal signed for 5 GW Onshore wind project in Uzbekistan
ACWA Power Co has signed a Power Purchase Agreement (PPA) with the National Electric Grid of Uzbekistan for the 5-GW Aral project in the northwestern autonomous region of Karakalpakstan, Uzbekistan.
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April 05, 2024
PPA signed for 200 MW Wind & Battery storage project in Uzbekistan
ACWA Power has signed a SAR 985.13 million (US$262.46 million) power purchase agreement (PPA) with Uzbekistan's National Electric Grid for the Nukus 2 200 MW wind and battery energy storage system (BESS) project.
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March 25, 2024
Phase I of 511 MW Solar Project in Uzbekistan connected to grid
Abu Dhabi Future Energy Co, also known as Masdar has announced that the Samarkand and Jizzakh solar power plants in Uzbekistan have recently connected their initial units to the grid for power generation.
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December 29, 2023
Winning bidder announced for 200 MW wind farm and 100 MW battery storage in Uzbekistan
The Ministry of Energy has announced the winning bidder for the 200 MW wind farm and 100 MW battery storage in the Karaozak and Beruniy districts, Karakalpakstan, Uzbekistan.
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June 22, 2023
Envision Energy to supply turbines for 1 GW Wind Projects in Uzbekistan
Envision Energy has announced that it has been selected as the turbine supplier for the Bash & Dzhankeldy wind projects in Uzbekistan, which have a combined capacity of 1 GW.
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