The Uzbekistan government and the French renewable energy business Voltalia have agreed to jointly build renewable energy projects with a combined output of between 400 MW and 500 MW. As part of the agreement, 60 MW/240 MWh of battery storage will be built along with 200 MW of solar and 200 MW of wind capacity.
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Renewable energy is at the heart of energy transition. Not just because it is low carbon – it is also becoming cheaper than traditional energy sources; on top of the climate benefits it brings. Renewables are quick to build and scale up, provide energy security, and create jobs. In real time and across the EBRD region, we are witnessing this trajectory becoming a staple, as countries evolve to become strong renewable players. We look forward to doing even more as these markets continue to develop.
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Albania has issued its first tender for utility-scale onshore wind power plants. The projects will have capacity for individual projects ranging from 10 MW and 75 MW. The cumulative capacity tendered is 100 MW, which may be increased in 150 MW in the future.
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The European Bank for Reconstruction and Development (EBRD) has provided a loan of about 9.1 million Euros for the development of a 12.9 MW floating solar project in Albania. The project will be located on the Vau i Dejes hydropower reservoir, which is under the management of by Korporata Elektroenergjitike Shqiptare (KESH), an Albanian state utility.
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The European Bank for Reconstruction and Development (EBRD) and German development finance group, DEG have provided a $10.6 million loan in local currency to Yellow Door Energy to develop, construct and operate a portfolio of eight solar projects in Jordan. EBRD also mobilised $5 million provided by the Global Environment Facility and DEG provided senior loans worth $15.6 million for the projects, taking the total loan value to $31.2 million. The projects will have a total installed capacity of 48.3 MW and will generate 81 GWh of renewable energy per annum.
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The European Bank for Reconstruction and Development (EBRD) is providing an initial $4.2 million loan to TAQA PV for Solar Energy, TAQA Arabia’s renewable energy subsidiary. This loan will support one of the first green private-to-private projects in the country and is part of a financing package of up to $10 million to expand TAQA Arabia’s private-to-private renewable energy business.
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