Voltalia, a France-based renewable energy company, has secured financing for its 126 MW Sarimay Solar plant in Uzbekistan through an agreement with the European Bank for Reconstruction and Development (EBRD). The $54.6 million financing package includes a senior loan of up to $44.8 million and a €9 million ($9.8 million) VAT facility, earmarked for construction costs. Additionally, a $7 million loan tranche is backed by an unfunded guarantee from the European Union’s European Fund for Sustainable Development Plus. Awarded to Voltalia in 2022, the Sarimay project features a 25-year PPA and aims for commissioning in the second half of 2025. The plant will supply renewable power for approximately 60,000 residents, reducing CO2 emissions by around 141,000 tons annually.
Voltalia secures EBRD financing for Uzbekistan’s Sarimay Solar plant
The project is expected to be completed by late 2025 and will produce clean electricity for around 60,000 people. (Image Source: Voltalia)
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