Masdar achieves financial close for 300MW Solar and 75MWh battery energy storage system project in Uzbekistan
Uzbekistan, Jan. 15 -- Abu Dhabi Future Energy Company PJSC - Masdar, a global clean energy leader, today announced it has reached financial close on a package worth more than US$225 million for the Guzar 300-megawatt (MW) solar power plant and 75-megawatt-hour (MWh) battery energy storage system (BESS) in Kashkadarya, Uzbekistan.The European Bank for Reconstruction and Development (EBRD) will provide up to US$195.5 million, including financing from Canada and Finland under the Special Fund for the High Impact Partnership on Climate Action (HIPCA), and the Japan-EBRD Cooperation Fund.The Asian Development Bank (ADB) is providing financing of US$30 million, including from the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) and the Cana...
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