News

EBRD supports 1 GW solar + 1.3GWh battery storage projects in Uzbekistan

Enerdata · last updated

The European Bank for Reconstruction and Development (EBRD) is providing a financing package of US$142m (€121m) for two special-purpose vehicles (SPVs) developing Uzbekistan’s combined solar PV and battery energy storage system (BESS) projects (EBRD press release, 29/10/2025).

The two SPVs, ACWA Power Sazagan Solar 1 and ACWA Power Sazagan Solar 2, will be majority-owned by Saudi Arabia’s ACWA Power and co-owned by Japanese companies Sumitomo Corporation, Shikoku Electric Power Company, and Chubu Electric Power Company.

The financing package is structured as two loans:

  • US$61m (€52m) to ACWA Power Sazagan Solar 1 for the development, construction, and operation of a 500 MW solar PV plant and a 668 MWh BESS in the Samarkand region.
  • US$81m (€69m) to ACWA Power Sazagan Solar 2 for the development, construction, and operation of a 500 MW solar PV plant in the Samarkand region and a 668 MWh BESS in the Bukhara region.

The projects will support the Uzbek government’s renewable energy plan to achieve 25 GW of solar and wind capacity by 2030. They have also secured a financing package with the Asian Development Bank (ADB).

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up