Voltalia announces financing of a solar project in Uzbekistan

Voltalia has signed an agreement with the European Bank for Reconstruction and Development (EBRD) to finance a solar power plant in Uzbekistan. The 126-megawatt project, already under construction, is expected to be operational in the second half of 2025. A $54.6 million loan has been granted by the EBRD, including a senior loan and a special VAT facility.

The plant will produce renewable electricity for approximately 60,000 residents and will help avoid 141,000 tons of CO2 per year. A 25-year electricity sales contract was awarded in 2022. Voltalia continues its commitment to sustainable development in Uzbekistan.

Sébastien Clerc, CEO of Voltalia, said he was proud of this agreement, supported by several legal and financial partners. The Group is also involved in other renewable energy and battery storage projects in the country.