Article

Masdar has secured $225 million for the Guzar solar power project in Uzbekistan, which will feature a 300MW solar plant and a 75MWh battery storage system. The financing includes contributions from the European Bank for Reconstruction and Development, the Asian Development Bank, and other international partners, aiming to significantly reduce CO2 emissions and power around 60,000 homes. This initiative is part of Masdar's broader investment strategy in Uzbekistan, totaling over $2 billion.