Uzbekistan Signs Loan Agreements for Its First Solar Power Plant

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The Uzbek government signed loan and guarantee agreements with three development banks to finance construction of the Central Asian nation’s first solar photovoltaic power plant.

50,​820 Million metric tons of greenhouse emissions, most recent annual data 0 8 7 6 5 4 0 8 7 6 5 4 Soccer pitches of forest lost this hour, most recent data 40% Carbon-free net power in the U.S., most recent data

$69.​9B Renewable power investment worldwide in Q2 2020

Bishkek, KyrgyzstanMost polluted air today, in sensor range -6.​67% Today’s arctic ice area vs. historic average

The World Bank’sInternational Finance Corporation andAsian Development Bank will lend up to $60 million for the 100-megawatt plant that will be built in the central Navoi region byAbu Dhabi Future Energy Co., or Masdar, the World Bank said in an emailed statement. TheEuropean Bank for Reconstruction and Development will provide an equity bridge loan of up to $60 million to Masdar for the construction and operation of the plant.

The plant, which will occupy a 286-hectares of land 35 kilometers east of the city of Navoi, will produce 270 gigawatt-hours per year of electricity, enough to power over 31,000 households. The power will be fed directly to the national electric network next year.

Uzbekistan plans to develop 8 gigawatts of solar and wind power capacity over the next decade to cut dependence on natural gas and reduce carbon dioxide emissions. The plant is expected to contribute to annual reductions of 156,000 tonnes of CO2 emissions once it starts working.

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