Connection

popular articles

Europe struggles to meet its rare earth targets
BP discovers new oil field 190 km off the coast of Louisiana
Macron Announces Construction of Eight New Nuclear Reactors
PetroChina reaches new milestone in 2024 with net profit of $22.7 billion
Qair acquires Green Switch Capital and strengthens its presence in the UK

EBRD lends $520 million to Uzbekistan

EBRD invests in renewable energy production and low carbon technologies in Uzbekistan.
  • [favorite_button]

Please share:

EBRD invests in renewable energy production and low carbon technologies in Uzbekistan.

European funding

EBRD closes two loans worth $520 million to help bring two onshore wind power plants on stream. Located in Bukhara region, the two wind power plants will have a total installed capacity of 1GW. In addition, this is the European bank’s largest renewable energy financial project to date in the region.

The EBRD’s $277 million loan to the Bash Wind Power Plant has two components. The first part amounts to $150 million on the European bank’s own account. The second $127 million is made up of commercial lenders.

The Dzhankeldy plant will receive a $243 million loan from the EBRD and it will also be split in two. Thus, the $150 million A loan is being made to the European Bank’s account. The $93 million B loan consists of commercial lenders.

The capacity of the two plants amounts to a total of 3200GWh of electricity per year. As a result, Bash and Dzhankeldy will contribute to reducing annual CO2 emissions by 1,820,000 tons. Both plants are special project companies owned by ACWA Power.

International participation

The German development finance institution, Deutsche Investitions und Entwicklungsgesellschaft (DEG), also co-finances Bash and Dzhankeldy. In addition, the French development agency Proparco also participates in the financing of wind power projects. In addition, Standard Chartered Bank is also involved.

Bash Wind and Dzhankeldy Wind will use Identiflight technology, a high-resolution stereo camera system (HRSC). The system is based on artificial intelligence (AI). It monitors and detects species likely to collide with wind turbines.

Thus, in the event of a probable collision, the system triggers an automatic shutdown of certain turbines. Uzbekistan aims to develop 12GW of solar and wind capacity by 2030. In addition, the goal is to support the plan to achieve a carbon-neutral electricity sector by 2050.

The projects contribute to the decarbonization strategy that EBRD and the Uzbek government are working on together. To date, the European bank has invested nearly €3.71 billion in 121 projects in Uzbekistan, creating 2.85GW of renewable capacity.

Register free of charge for uninterrupted access.

Publicite

Latest news

Kern County reopens oil permitting despite historic decline in California
US shale oil drilling costs to rise 4.5% in 2025
Craig Steinke appointed CEO of BluEnergies following James Deckelman’s departure
Siemens Energy raises annual outlook after 52% surge in orders
Enel posts €2bn net profit rise despite falling electricity prices

Recently published in

ERG commissions 18 MW wind farm in northern France

Italian group ERG has completed an 18 MW wind farm in Pas-de-Calais, backed by a 20-year contract for difference and developed without external partners.
The global wind turbine maintenance market to reach $59.67bn by 2030
Rising installations and the integration of predictive technologies are driving the wind turbine operations and maintenance market, projected to hit $59.67bn by 2030, according to MarketsandMarkets.
en_1140290949540-4
The global wind turbine maintenance market to reach $59.67bn by 2030
Rising installations and the integration of predictive technologies are driving the wind turbine operations and maintenance market, projected to hit $59.67bn by 2030, according to MarketsandMarkets.
en_1140290949540-4
Ørsted abandons Hornsea 4 in the United Kingdom due to excessive perceived risks
Danish group Ørsted halts development of its Hornsea 4 offshore wind project in the UK, citing financial and operational risks that no longer guarantee returns for shareholders.
en_1140290958540-3
Ørsted abandons Hornsea 4 in the United Kingdom due to excessive perceived risks
Danish group Ørsted halts development of its Hornsea 4 offshore wind project in the UK, citing financial and operational risks that no longer guarantee returns for shareholders.
en_1140290958540-3
Vestas beats expectations with €5mn profit in Q1 2025
Danish wind turbine manufacturer Vestas posts an unexpected net profit despite tariff tensions and confirms its 2025 outlook.
en_1140290962540-2
Vestas beats expectations with €5mn profit in Q1 2025
Danish wind turbine manufacturer Vestas posts an unexpected net profit despite tariff tensions and confirms its 2025 outlook.
en_1140290962540-2

Clearway invests $60mn in wind with acquisition of Tuolumne project

Clearway Energy strengthens its presence in Washington State with the purchase of the 137 MW Tuolumne wind project, securing a 15-year power purchase agreement with Turlock Irrigation District.
Ørsted sells 24.5% stake in West of Duddon Sands offshore wind farm to Schroders Greencoat
Danish developer Ørsted has finalised the sale of 24.5% of its stake in the UK’s West of Duddon Sands wind farm to funds managed by Schroders Greencoat for GBP456.1mn ($571mn).
en_1140290972540
Ørsted sells 24.5% stake in West of Duddon Sands offshore wind farm to Schroders Greencoat
Danish developer Ørsted has finalised the sale of 24.5% of its stake in the UK’s West of Duddon Sands wind farm to funds managed by Schroders Greencoat for GBP456.1mn ($571mn).
en_1140290972540
The first caissons of Belgium’s energy island successfully installed in the North Sea
The Princess Elisabeth energy island project advances with the placement of two caissons, launching a key phase of marine civil engineering off the Belgian coast.
en_1140290983540
The first caissons of Belgium’s energy island successfully installed in the North Sea
The Princess Elisabeth energy island project advances with the placement of two caissons, launching a key phase of marine civil engineering off the Belgian coast.
en_1140290983540
Equinor challenges the halt of its Empire Wind project in the United States
Equinor condemned the mid-April suspension of its offshore wind farm Empire Wind 1 near New York, a $2.5bn project halted by U.S. authorities, labelling the move illegal.
en_1140290954540-17
Equinor challenges the halt of its Empire Wind project in the United States
Equinor condemned the mid-April suspension of its offshore wind farm Empire Wind 1 near New York, a $2.5bn project halted by U.S. authorities, labelling the move illegal.
en_1140290954540-17

The wind shifts: Chinese OEMs struggle to gain traction in the European market

Despite turbines priced 30 to 40% lower, Chinese manufacturers struggle to overcome credibility barriers hindering their progress in the European wind sector.
Greenvolt sells 83.2 MW wind farm to Enea Nowa Energia for €174.4mn
Greenvolt Power has finalised the sale of the Pelplin wind farm in Poland to Enea Nowa Energia for €174.4mn, reinforcing its large-scale renewable asset monetisation strategy.
en_1140291004540-2
Greenvolt sells 83.2 MW wind farm to Enea Nowa Energia for €174.4mn
Greenvolt Power has finalised the sale of the Pelplin wind farm in Poland to Enea Nowa Energia for €174.4mn, reinforcing its large-scale renewable asset monetisation strategy.
en_1140291004540-2
The first He Dreiht turbine installed at Germany’s largest offshore wind farm
EnBW’s He Dreiht project reaches a major milestone with the installation of the first 15 MW Vestas turbine, marking progress in the construction of the 960 MW wind farm.
en_1140290991540
The first He Dreiht turbine installed at Germany’s largest offshore wind farm
EnBW’s He Dreiht project reaches a major milestone with the installation of the first 15 MW Vestas turbine, marking progress in the construction of the 960 MW wind farm.
en_1140290991540
RWE launches construction of 22.8 MW wind farm in Germany
RWE has started work on a new 22.8 megawatt onshore wind farm in Papenhagen, northeastern Germany, after winning a tender from the Federal Network Agency.
en_1140291005540-2
RWE launches construction of 22.8 MW wind farm in Germany
RWE has started work on a new 22.8 megawatt onshore wind farm in Papenhagen, northeastern Germany, after winning a tender from the Federal Network Agency.
en_1140291005540-2

China’s wind and solar capacity surpasses thermal power for the first time

China has reached a historic energy milestone with wind and solar capacity now exceeding that from thermal sources, amid an acceleration of new installations.
Mainstream sells 675 MW of wind and solar projects to Celsia in Colombia
Mainstream Renewable Power sold its entire Colombian portfolio to Celsia, marking its exit from the country to focus operations on three strategic markets.
en_1140290960540-12
Mainstream sells 675 MW of wind and solar projects to Celsia in Colombia
Mainstream Renewable Power sold its entire Colombian portfolio to Celsia, marking its exit from the country to focus operations on three strategic markets.
en_1140290960540-12
Ocean Winds equips floating wind farm with Biohut modules to attract marine life
Ocean Winds has completed the installation of 32 Biohut modules on a floater of its EFGL pilot project, marking a global first for floating offshore wind incorporating artificial habitats for biodiversity.
en_1140290950540-11
Ocean Winds equips floating wind farm with Biohut modules to attract marine life
Ocean Winds has completed the installation of 32 Biohut modules on a floater of its EFGL pilot project, marking a global first for floating offshore wind incorporating artificial habitats for biodiversity.
en_1140290950540-11
Connecticut: Study Reveals the Economic Impact of the Offshore Wind Industry
A recently published study shows that over 50 Connecticut companies are actively participating in offshore wind projects, with growth potential for 450 other companies in the region.
en_1140290950540-10
Connecticut: Study Reveals the Economic Impact of the Offshore Wind Industry
A recently published study shows that over 50 Connecticut companies are actively participating in offshore wind projects, with growth potential for 450 other companies in the region.
en_1140290950540-10

The United States suspends Equinor’s Empire Wind offshore wind project off New York

US authorities have ordered the halt of Equinor's Empire Wind 1 offshore wind project located off New York, citing insufficient environmental analysis according to the Biden administration. Construction had been underway since 2024.
DEME acquires Havfram for €900 mn to strengthen its offshore wind position
Belgian group DEME has signed an agreement to acquire Norway’s Havfram for €900 mn, consolidating its fleet and global presence in the offshore wind market.
en_1140290967540-2
DEME acquires Havfram for €900 mn to strengthen its offshore wind position
Belgian group DEME has signed an agreement to acquire Norway’s Havfram for €900 mn, consolidating its fleet and global presence in the offshore wind market.
en_1140290967540-2
Energiequelle secures 143 MW in German onshore wind tender
Developer Energiequelle has secured five projects totalling 143 MW through a national onshore wind tender, expanding its footprint across four German federal states.
en_1140290971540-2
Energiequelle secures 143 MW in German onshore wind tender
Developer Energiequelle has secured five projects totalling 143 MW through a national onshore wind tender, expanding its footprint across four German federal states.
en_1140290971540-2
New wind installations in the United States fall to lowest level in a decade
The United States recorded its lowest volume of wind installations in a decade in 2024, according to Wood Mackenzie data, due to tax timing effects and persistent regulatory uncertainty.
en_1140290986540
New wind installations in the United States fall to lowest level in a decade
The United States recorded its lowest volume of wind installations in a decade in 2024, according to Wood Mackenzie data, due to tax timing effects and persistent regulatory uncertainty.
en_1140290986540

Sanofi signs 20-year contract with RWE for 21 GWh wind power supply

RWE has signed a 20-year electricity supply agreement with Sanofi, committing to deliver 21 GWh annually from a wind farm located in the Marne region.
RWE wins 151 MW in latest French onshore wind tender
RWE led the latest onshore wind tender launched by the Commission de régulation de l’énergie, securing seven projects representing a prorated capacity of 151 megawatts.
en_1140290972540-2
RWE wins 151 MW in latest French onshore wind tender
RWE led the latest onshore wind tender launched by the Commission de régulation de l’énergie, securing seven projects representing a prorated capacity of 151 megawatts.
en_1140290972540-2
French court suspends wind farm after death of golden eagle
The Montpellier court has ordered a one-year suspension of the Bernagues wind farm, finding Énergie Renouvelable du Languedoc responsible for the death of a golden eagle, a protected species, in January 2023.
en_1140290958540-4
French court suspends wind farm after death of golden eagle
The Montpellier court has ordered a one-year suspension of the Bernagues wind farm, finding Énergie Renouvelable du Languedoc responsible for the death of a golden eagle, a protected species, in January 2023.
en_1140290958540-4
HSM Offshore Energy secures EPCIC contract for East Anglia TWO
ScottishPower Renewables awards HSM Offshore Energy the design and construction of the offshore substation and its foundation for the East Anglia TWO wind farm off the Suffolk coast.
en_1140290971540
HSM Offshore Energy secures EPCIC contract for East Anglia TWO
ScottishPower Renewables awards HSM Offshore Energy the design and construction of the offshore substation and its foundation for the East Anglia TWO wind farm off the Suffolk coast.
en_1140290971540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS