{"id":85111,"date":"2024-07-02T00:00:00","date_gmt":"2024-07-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/02\/acwa-power-secures-financing-for-200-mw-solar-project-in-uzbekistan\/"},"modified":"2024-07-02T00:00:00","modified_gmt":"2024-07-02T00:00:00","slug":"acwa-power-secures-financing-for-200-mw-solar-project-in-uzbekistan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/02\/acwa-power-secures-financing-for-200-mw-solar-project-in-uzbekistan\/","title":{"rendered":"Acwa Power secures financing for 200 MW solar project in Uzbekistan"},"content":{"rendered":"

Acwa Power has secured some SAR 1.4 bn (c. USD 373.2 mn) in financing to fund its <\/strong>200 MW solar PV and battery storage project in Uzbekistan<\/strong>, the renewables giant said in a disclosure to Tadawul<\/a>. The financing will be provided through a consortium of banks that comprise the European Bank for Reconstruction and Development, Proparco, DEG, Islamic Development Bank, Standard Chartered Bank, and KfW-IPEX Bank. The facility has a 19-year tenor, it said, without giving details on cost. <\/p>\n

About the project: <\/strong>Located in Uzbek capital Tashkent, the Riverside Power Station is a SAR 2 bn greenfield independent power project that comprises a 200 MW solar PV and 500 MWh battery energy storage system, according to a <\/span>project profile<\/a>. The 25-year contract for the project is under the build, own operate and transfer model.<\/span><\/p>\n

REMEMBER- Acwa has been busy in Uzbekistan: <\/strong>It signed in May<\/a> a SAR 18.2 bn (c. USD 4.9 bn) power purchase agreement with the National Electric Grid of Uzbekistan (Negu) to develop a new 5 GW wind farm \u2014 set to become the largest in Central Asia. The Aral project is the 15th project by Acwa Power in Uzbekistan as the renewable energy utility advances investments<\/a> in green energy in the Central Asian country. Acwa Power\u2019s total investments to Uzbekistan are estimated at USD 13.9 bn, with the Central Asian country becoming its second largest after Saudi.<\/p>\n

A BIT CLOSER TO HOME- <\/p>\n

Acwa Power can now operate its Kom Ombo solar plant in Egypt: <\/strong>Acwa Power has received a commercial operations certificate for its 200 MW Kom Ombo solar farm<\/a>, according to a Tadawul filing<\/a>. Acwa has a 25-year power purchase agreement with the Egyptian Electricity Transmission Company for the project and expects its financial impacts in the third quarter of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Acwa Power also received a commercial operation certificate for its 200 MW Kom Ombo solar plant<\/p>\n","protected":false},"author":1,"featured_media":85112,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[184,83,11,159,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-acwa-power","tag-debt-watch","tag-enterpriseclimate","tag-saudi-arabia","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"05bccbe7-aea0-4ca7-838f-eab8873d7df8","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/121.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power secures financing for 200 MW solar project in Uzbekistan","related_issue":[85106],"teaser":"Acwa Power also received a commercial operation certificate for its 200 MW Kom Ombo solar plant","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.ae760dce-064f-4f57-ae7b-de382245f82f.mp3"},"yoast_head":"\nAcwa Power secures financing for 200 MW solar project in Uzbekistan - 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