| Project Detail |
Location: Uzbekistan Project number: 54551 Business sector: Energy Notice type: Private Environmental category: A Approval date: 12 Mar 2025 Status: Exploratory English-language PSD published: 27 Jan 2025 Project Description The provision of a long-term, senior loan up to US$ 75 million, for the development, design, construction and operation of a 500MW solar photovoltaic power plant and 500 MWh battery energy storage system (BESS) located in the Samarkand and Bukhara regions, respectively, in Uzbekistan in addition to the interconnection facilities. ACWA Power Sazagan Solar 2 LLC, a special purpose vehicle established in Uzbekistan, will act as the borrower. ACWA Power will act as the sponsor for the Project. Sumitomo Corporation will be a co-sponsor. Project Objectives The project will add 500 MW of solar generation capacity and 500 MWh of BESS to the power system of Uzbekistan. The project will help to improve reliability of intermittent solar power generation in Uzbekistan by introducing battery storage. The Project is among the largest in Central Asia. Successful implementation of the project will pave the way for broader implementation of renewable projects as BESS helps mitigate intermittence constraints of renewables capacity. |
