USD 140 million loan for 200 MW solar PV plant and 500 MWh energy storage system in Tashkent
The European Bank for Reconstruction and Development (EBRD) has allocated a new loan to ACWA Power for the development, design, construction and operation of a 200 MW solar photovoltaic power plant and 500 MWh battery energy storage system (BESS) located in the Tashkent region in Uzbekistan.
The project's overall cost is projected at USD 546.3 million, with the EBRD intending to contribute up to USD 140 million for its execution. The loan will be extended to ACWA Power Riverside Solar, the subsidiary overseeing the project, following a co-financing model involving other commercial banks (A/B loan). ACWA Power will serve as the project's sponsor.
Country updates
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October 30, 2023
Construction begins on 263 MW solar plant in Uzbekistan
China Datang has started building a US$150 million, 263 MW solar plant on the "Buka" mahalla (community) territory in the Buka district, Tashkent, Uzbekistan. China Datang Overseas Investment, a subs...
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October 18, 2023
Agreement signed for 600 MW Yuqori Pskem hydroelectric Construction Project in Tashkent
Uzbekhydroenergo JSC has signed a joint development agreement for the implementation of a 600 MW hydroelectric power station worth US$1 billion in Bostanlyk, Tashkent, Uzbekistan. The 600 MW Yuqori P...
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August 15, 2023
Antaisolar to deliver solar tracking systems for 470 MWp solar PV project in Uzbekistan
Antaisolar has signed a contract with Enter Engineering for a 470 MWp Solar Tracking System in Uzbekistan. The project will be Antaisolar's largest solar tracker project in Central Asia. The solar far...
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August 10, 2023
ACWA Power installs first turbine for 500 MW wind project in Bukhara
ACWA Power has installed the first wind turbine generator (WTG), manufactured by Envision, in a 500 MW Bash wind farm project located in Uzbekistan's Bukhara region. The installation process was carri...
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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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