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IFC partners with ACWA Power for Uzbekistan's renewable energy transition
Oct 29, 2024•over 1 year ago
Contract Type
partnership
RiyadhWaterWater Purification
Description
IFC announced a $240 million Islamic Equity Bridge Loan (EBL) financing for ACWA Power to support the development of Uzbekistan's renewable energy sector. The financing will support the construction and operation of a 1-gigawatt solar PV plant, a 668-megawatt Battery Energy Storage System (BESS), and approximately 500 kilometres of high-voltage transmission lines, marking a major milestone in Uzbekistan’s clean energy transition and reducing GHG emissions by an estimated 1.3 million tons of CO2 annually.
Company Information
Company
Acwa
Location
Riyadh, Riyadh Region, Saudi Arabia
About
Acwa is a leading utility developer in Saudi Arabia, focused on water and electricity projects. The company aims to expand its global portfolio and improve sustainability. Acwa operates in several countries, managing numerous utility assets. It is known for its innovative projects in the energy and water sectors.
RiyadhWaterWater Purification