The European Bank for Reconstruction and Development (EBRD) is co-financing a solar energy and battery project in Uzbekistan by offering a financing package of €121m ($142m). This project includes two special-purpose vehicles (SPVs), ACWA Power Sazagan Solar 1 and ACWA Power Sazagan Solar 2. Together, the SPVs will set an integrated solar photovoltaic (PV) and battery energy storage system (BESS) project with a combined capacity of 1GW in Central Asia. ACWA Power holds the majority stake in the SPVs, wi ...