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

Moreover, the two SVPs will represent the largest combined solar and BESS capacity in Uzbekistan and even across the region, according to the EBRD.

The deployment of BESS capacity in Uzbekistan will help mitigate the grid’s intermittency of renewable energy sources, while improving the grid’s reliability and flexibility during periods of peak demand.

Other co-financers of the project include the Japan Bank for International Cooperation, Nippon Export and Investment Insurance, the Asian Development Bank and the Islamic Development Bank.

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