The European Monetary institution for Reconstruction and Model (EBRD) and the European Union are investing a blended $61.6 million in a 126 MW solar mission in Uzbekistan. A special-reason company fully owned by French developer Voltalia will fabricate the plant.

Image: Aboodi Vesakaran, Unsplash

The EBRD and the European Union are financing the style of a 126 MW greenfield solar plant within the Khorezm space of northwestern Uzbekistan.

The EBRD’s $54.6 million financial kit features a senior loan of up to $44.8 million and a special facility of $9.8 million. The European Union is providing a senior loan tranche of $7 million thru its European Fund for Sustainable Model Plus software program.

The funding has been awarded to Sarimay Solar, a special-reason company that’s fully owned by Voltaliaa French renewables developer.

The mission, awarded thru a aggressive gentle, is Voltalia’s first in Uzbekistan. It’s miles currently under constructing, with commissioning space for the 2d half of 2025.

Once operational, the plant is anticipated to generate up to 252 GWh of electricity per year, retaining the vitality consumption of approximately 60,000 folk.

Figures from the Worldwide Renewable Vitality Company (IRENA) demonstrate that Uzbekistan had assign in 253 MW of solar by the tip of 2023, and not using a peculiar solar ability added within the nation remaining year.

In March of this year, Abu Dhabi Future Vitality Co. (Masdar) connected the principle phase of a 511 MW solar mission in jap Uzbekistan. In September, work started on a 263 MW plant shut to the nationwide capital, Tashkent.

Uzbekistan has space a target of increasing up to 25 GW of solar and wind ability by 2030.

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