World Bank Supports Uzbekistan Solar Project

The World Bank has approved a $3.5 million payment guarantee to support the construction of a 100-megawatt solar power plant in Uzbekistan's Khorezm region, led by French renewable energy company Voltalia. Scheduled to begin operations in November 2025, the plant will generate over 240 gigawatt-hours of renewable energy annually and is expected to reduce CO₂ emissions by more than 230,000 metric tons each year, providing clean energy to approximately 60,000 households. This initiative aligns with Uzbekistan's goal to achieve 25 gigawatts of renewable energy capacity by 2030. The project will be financed under a 25-year Power Purchase Agreement with the state-owned National Electric Grid of Uzbekistan, ensuring stable electricity purchases. The World Bank's support has facilitated an additional $80 million in investments, including over $54 million from the European Bank for Reconstruction and Development. This project is part of Uzbekistan's broader strategy to enhance its renewable energy infrastructure and transition to a green economy.