EBRD provides US$142 million for Uzbekistan’s first gigawatt-scale solar PV and energy storage portfolio

AI Summary

• •The EBRD has provided US$142 million in financing for Uzbekistan's first gigawatt-scale renewable energy project, comprising 1GW of solar PV and 1.3GWh of battery energy storage.
• •This landmark project signals a strong international financial commitment to large-scale, integrated solar and storage solutions in emerging markets, setting a precedent for developers and IPPs.
• •The substantial financing package highlights the increasing bankability of combined solar and storage assets, offering a blueprint for future project development and investment strategies.
• •For large power consumers, this initiative promises enhanced grid stability, improved energy reliability, and a significant increase in clean energy supply within the region.

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