Uzbekistan Launches $1.2 Billion ADB-Backed Solar Power Drive to Boost Clean Energy Leadership
TASHKENT, Uzbekistan is taking a major step toward clean energy transformation with the launch of two large-scale solar power plants equipped with battery energy storage systems (BESS), backed by the Asian Development Bank (ADB) and a consortium of global partners, Trend reports.
The landmark financing agreement—signed by ADB, ACWA Power, Sumitomo Corporation, Chubu Electric Power Co. Inc., and Shikoku Electric Power Co. Inc.—will fund the construction of the Samarkand 1 and 2 Solar PV and BESS projects in the Samarkand and Bukhara regions. Once completed, they will rank among Central Asia’s largest renewable energy facilities, further cementing Uzbekistan’s role as a regional clean energy hub.
ADB has arranged a $140 million financing package, including $70 million from its own resources, $10 million from the ADB-administered Leading Asia’s Private Infrastructure Fund 2 (LEAP 2), and $60 million in syndicated loans. To bolster project confidence, ADB will also provide up to $85 million in credit guarantees, supported by the Uzbek government, securing tariff payment obligations and helping attract over $1.2 billion in private and partner investments.
“ADB is pleased to support Uzbekistan in advancing one of the most significant renewable energy initiatives in the region,” said ADB President Masato Kanda. “These solar and battery plants show how partnership and innovation can deliver reliable, affordable, and sustainable energy while cutting emissions.”
Together, the projects will deliver 1,000 megawatts (MW) of solar generation capacity and 1,336 megawatt-hours (MWh) of storage, along with new transmission lines and substations to stabilize the national grid. Once operational, they are expected to supply clean electricity to around 600,000 households and offset 1.3 million tons of CO₂ annually.
