The European Bank for Reconstruction and Development (EBRD) is financing a $229.4 million project in Uzbekistan, supporting the construction of a 200 MW solar power plant and a 500 MWh battery energy storage system in Tashkent. This initiative will generate 418 GWh of electricity annually and reduce CO2 emissions by over 230,000 tonnes. The project contributes to Uzbekistan’s goal of developing 25 GW of solar and wind capacity by 2030, with financing from multiple international financial institutions and concessional finance from Finland.
EBRD funds major solar & storage project in Uzbekistan
A significant milestone in Uzbekistan’s renewable energy efforts with EBRD’s $229.4 million funding for a 200 MW solar plant and 500 MWh battery storage system.
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)