Will Uzbekistan fund a 250-megawatt solar photovoltaic plant?
TASHKENT, May 21, 2024 — The World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), and the Government of Uzbekistan have signed a financial package to fund a 250-megawatt (MW) solar photovoltaic plant with a 63-MW battery energy storage system (BESS).
What's going on with the Tashkent Riverside Project in Uzbekistan?
From pv magazine ESS News site Saudi-listed ACWA Power has announced the completion of the dry financial close for the $533 million Tashkent Riverside project in Uzbekistan, near the country’s capital city of Tashkent. The greenfield development will involve a 200 MW solar plant and a 500 MWh BESS that will serve to stabilize the Uzbek grid.
How will Uzbekistan improve its energy security?
“This project will enhance Uzbekistan’s energy security through the use of innovative solutions and technologies,” noted Marco Mantovanelli, World Bank Country Manager for Uzbekistan.
Who will sell electricity to in Uzbekistan?
The project company is committed to selling electricity to the state-owned National Electric Grid of Uzbekistan JSC under a 25-year Power Purchase Agreement for the project, including a 10-year operating term for the BESS component, signed by these two entities.
What is the Uzbek greenfield project?
The greenfield development will involve a 200 MW solar plant and a 500 MWh BESS that will serve to stabilize the Uzbek grid. According to project proponents, this will be the largest BESS in Central Asia.
How many renewables will Uzbekistan generate by 2030?
By 2030, Uzbekistan is aiming to install 25 GW of renewables and generate 40% of its electricity from renewables. To continue reading, please visit our ESS News website. This content is protected by copyright and may not be reused.
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