The European Bank for Reconstruction and Development (EBRD) is contributing to Uzbekistan 's objective of developing up to 25 GW of solar and wind capacity by 2030, by organising a facility of up to US$ 229. 4 million for the development, design, construction and operation of a 500 MWh battery. . Proparco, alongside EBRD, KfW, DEG, IsDB and Standard Chartered Bank, participates in the financing of the Tashkent project, a 200MW solar plant and a large-scale 500MWh Battery Energy Storage (BESS), developed by ACWA Power in Uzbekistan, by providing USD 50m. From pv magazine ESS News site Saudi-listed ACWA Power has announced the completion of the dry financial. .
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