Abu Dhabi Future Energy Company PJSC – Masdar has reached financial close on a financing package exceeding $225 million for the 300 MW Guzar solar power plant. The project includes a 75 MWh battery energy storage system in Kashkadarya, Uzbekistan. The European Bank for Reconstruction and Development (EBRD) will provide up to $195.5 million, including funds from Canada and Finland through the High Impact Partnership on Climate Action and the Japan–EBRD Cooperation Fund. The Asian Development Bank (ADB) is providing $30 million through the Leading Asia’s Private Infrastructure Fund 2 and the Canadian Climate and Nature Fund for the Private Sector in Asia. Abu Dhabi Commercial Bank provided hedging support for the transaction.Under a Public-Private Partnership agreement with JSC National Electric Grid of Uzbekistan, Masdar Is responsible for the design, construction and operation of the project. The Guzar facility formed part of Masdar’s 2 GW renewable energy portfolio in Uzbekistan. Once operational, the project will avoid more than 400,000 tons of carbon dioxide annually and provide electricity equivalent to the consumption of around 60,000 homes.