TASHKENT, UZBEKISTAN (29 October 2025) — The Asian Development Bank (ADB), together with ACWA Power Company, Sumitomo Corporation, Chubu Electric Power Co. Inc., and Shikoku Electric Power Co. Inc., has signed a landmark financing package to build two utility-scale solar power.
TASHKENT, UZBEKISTAN (29 October 2025) — The Asian Development Bank (ADB), together with ACWA Power Company, Sumitomo Corporation, Chubu Electric Power Co. Inc., and Shikoku Electric Power Co. Inc., has signed a landmark financing package to build two utility-scale solar power.
Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) has, together with ACWA Power (Head Office: Riyadh, Kingdom of Saudi Arabia; Chairman: Mohammad Abunayyan; hereinafter "ACWA"), Shikoku Electric Power Co., Inc. (Head.
The European Bank for Reconstruction and Development (EBRD) is providing a comprehensive financing package of US$ 142 million (€121 million) for two special-purpose vehicles (SPVs) that will develop Uzbekistan ’s and Central Asia’s largest combined solar photovoltaic and battery energy storage.
ADB and partners mobilize financing for solar and battery projects in Uzbekistan bringing clean energy to around 600,000 homes and promoting green growth. TASHKENT, UZBEKISTAN (29 October 2025) — The Asian Development Bank (ADB), together with ACWA Power Company, Sumitomo Corporation, Chubu.
Uzbekistan will commission 12 solar and 4 wind power plants, along with 12 energy storage systems, by the end of 2025. With a combined investment of over $5bn, these facilities are expected to generate nearly 9bn kilowatt-hours of electricity annually, supporting the country’s growing demand for.
ACWA Power, Shikoku Electric Power Co., Inc. and Chubu Electric Power Co., Inc., signed project financing agreements with a group of banks, including Japan Bank for International Cooperation, Asian Development Bank, European Bank for Reconstruction and Development, and Islamic Development Bank in.
EBRD provides €121m to ACWA Power for 1GW solar and battery energy storage project in Uzbekistan. The European Bank for Reconstruction and Development (EBRD) is co-financing a solar energy and battery project in Uzbekistan with a financing package of €121m ($142m), GlobalData has reported. Th
The Project will develop the largest combined solar photovoltaic and energy storage initiative in Uzbekistan to date.
ADB, Partners Sign Deal to Build Landmark Solar with Battery Power Plants in Uzbekistan, Largest in Central Asia ADB and partners mobilize financing for solar and battery
Plans include commissioning 3,000 micro-hydropower plants with a combined capacity of 164 megawatts and small solar and wind power stations totaling 750 megawatts.
EBRD providing US$ 142 million for major renewable-energy and battery development in Uzbekistan Funds will help to construct 1 GW of solar and 1,336 MWh of
The Project involves the construction, ownership and operation of solar power plants that can generate 1,000 MW, equivalent to the annual electricity consumption of approximately 600,000
"By leveraging our partnership with Sumitomo Corporation, we are further cementing this commitment as we pursue the largest clean energy projects in the country,
Uzbekistan aims for 30% renewable energy by 2030 to reduce natural gas dependency. Sumitomo Corporation, in collaboration with ACWA Power, Shikoku Electric
Uzbekistan aims for 30% renewable energy by 2030 to reduce natural gas dependency. Sumitomo Corporation, in collaboration with ACWA Power, Shikoku Electric
President Shavkat Mirziyoyev reviewed a presentation on measures to supply large industrial enterprises with renewable energy, as part of Uzbekistan''s broader strategy to
The Project involves the construction, ownership and operation of solar power plants that can generate 1,000 MW, equivalent to the annual electricity consumption of approximately 600,000
Plans include commissioning 3,000 micro-hydropower plants with a combined capacity of 164 megawatts and small solar and wind power stations totaling 750 megawatts. President Mirziyoyev has stressed the
"By leveraging our partnership with Sumitomo Corporation, we are further cementing this commitment as we pursue the largest clean energy projects in the country, providing accessible, affordable, and
The project aligns with Uzbekistan''s wider renewables plan, supported by the EBRD, which aims for 25GW of solar and wind capacity by 2030. Once operational, the project is expected to generate around
The project aligns with Uzbekistan''s wider renewables plan, supported by the EBRD, which aims for 25GW of solar and wind capacity by 2030. Once operational, the project is
President Shavkat Mirziyoyev reviewed a presentation on measures to supply large industrial enterprises with renewable energy, as part of Uzbekistan''s broader strategy to
Japan''s Sumitomo Corporation, Shikoku Electric Power (Yonden), Chubu Electric Power, and Saudi''s ACWA Power have secured financing agreements to develop
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