ACWA Power lands financing for Central Asia’s biggest battery storage project
- Admin
- Jul 4, 2024
- 1 min read
ACWA Power completes dry financial close for the $533 million Tashkent Riverside project in Uzbekistan. The project includes a 200 MW solar plant and a 500 MWh BESS to stabilize the Uzbek grid. Financing documents were signed with six lenders, including EBRD, Islamic Development Bank, DEG, Proparco, Standard Chartered, and KfW-IPEX Bank. Uzbekistan aims to install 25 GW of renewables and generate 40% of electricity from renewables by 2030.
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