EDB finances a 300MW solar power plant in Kyrgyzstan

The Eurasian Development Bank (EDB) and Bishkek Solar have signed a financing agreement for a 300MW solar power plant in the Issyk-Kul region of Kyrgyzstan, marking a key milestone for renewable energy in the country.

Share:

EDB Finance une Centrale Solaire de 300 MW au Kirghizistan pour 210 Millions de Dollars.

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The Eurasian Development Bank (EDB) has entered into a partnership with Bishkek Solar to finance the construction of a 300MW photovoltaic power plant in Toru-Aigyr, in the Issyk-Kul region. Scheduled for commissioning in late 2025, the project will benefit from an investment of $210 million (in Chinese yuan) over 15 years.

Agreement framework

The cooperation agreement includes several major commitments:

  • An agreement with the National Grid of Kyrgyzstan (NEGK) for the purchase of all electricity produced over 25 years.
  • A public-private partnership with the Kyrgyz Ministry of Energy.
  • A 25-year investment agreement with the Cabinet of Ministers of the Kyrgyz Republic.

These agreements provide a stable and secure framework for the development of the solar power plant, which complies with international environmental and technical standards.

Benefits and Impact

Denis Ilin, Senior General Manager of EDB, underlined the importance of this power station in reinforcing the country’s energy stability. EDB is no stranger to renewable energy projects. It has financed the construction of seven solar power plants in Armenia (35 MW in total) and ten solar power plants and two wind farms in Kazakhstan (303MW in total). Since 2015, the bank has invested $674 million in renewable energy facilities. In addition, EDB is implementing a $127 million project to build and operate the Kulanak hydroelectric power station. This project is part of the Central Asian Water-Energy Complex mega-project, aimed at improving energy security and strengthening Kyrgyzstan’s position on the Central Asian electricity market. This project not only diversifies the country’s energy production, but also contributes to its energy security and environmental commitments.

The consortium led by Engie and Masdar has been selected to develop a 1.5 GW photovoltaic plant in Abu Dhabi, aimed at expanding the emirate’s solar capacity under its long-term energy strategy.
T1 Energy invests in private solar cell manufacturer Talon PV to support industrial expansion of the U.S. solar sector and address rising grid demand.
The European Bank for Reconstruction and Development is reviewing a loan for a 100 MW photovoltaic project led by Qair in Tunisia, backed by a long-term power purchase agreement with the national utility.
French independent producer CVE has commissioned an agrivoltaic pilot project in Haute-Loire, aiming to test solar panel integration on a cattle farm ahead of a future 12 MWc installation.
Geronimo Power celebrated the near completion of its 125 MW solar farm in Jackson County, marking a major step for the local economy and regional power grid.
GOLDBECK SOLAR Polska has received the Final Operational Notification for its Zwartowo photovoltaic facility, marking a key regulatory milestone in the development of large-scale solar projects in Poland.
H.E Energy will develop 100 low-voltage solar facilities totalling 10MWDC in Hokkaido for SMFL Mirai Partners, with commissioning scheduled by June 2026.
Hokkaido Gas has launched a 2MW solar power plant in Kamishihoro, with an expected annual output of 4.4GWh to be distributed locally through energy supplier Karch.
Sembcorp Industries has signed a purchase agreement to acquire a 300-megawatt solar plant in India, boosting its renewable energy footprint to a total capacity of 6.9 gigawatts.
Spanish solar energy producers have recorded 693 hours of zero or negative prices since January, already matching the total for the previous year, raising concerns about the sector’s profitability and market stability.
Mars signs a major contract with GoldenPeaks Capital to develop over 100 solar plants in Poland, aiming to power its European operations and supply chain with renewable electricity.
Doral Renewables has signed a power purchase agreement for 75% of the output from its Cold Creek Solar project, expanding its contracted portfolio to over 1.6 GW nationwide.
SNCF Voyageurs secures direct solar electricity supply from two plants owned by Octopus Energy and BayWa r.e., through 25-year agreements aimed at powering its rail network.
The end of China's VAT rebate and reduced output bring an end to eighteen months of historically low prices in solar and storage sectors.
The Kuwait Authority for Partnership Projects has shortlisted several companies for Phase III of the Al Dibdibah solar plant, with a net capacity of 500 MW.
The Central Electricity Regulatory Commission has agreed to examine compensation claims by ACME Solar and AMPIN Energy, citing losses caused by non-operational transmission lines.
Waaree Energies has activated a new 950 MW photovoltaic module production line in Degam, strengthening its industrial investment programme in western India.
India opens a new rooftop solar tender phase, offering 3,640 kW under the RESCO model, with a pre-bid meeting held online on October 6 by Solar Energy Corporation of India.
The Japanese developer has reached a total of 100MW in solar capacity under power purchase agreements with Microsoft, spread across four projects in the country, two of which are already operational.
SNCF Énergie signed four new renewable electricity purchase agreements with Neoen in July, covering the annual consumption equivalent of the TGV Paris–Bordeaux line.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.