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EBRD, EIB and PROPARCO to finance Total Eren's solar plant in Uzbekistan

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The government of Uzbekistan’s plans to develop 8 GW of solar and wind capacity by 2030 have received a major boost following the approval of an €87.4 million financing package jointly organised by, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and PROPARCO, a subsidiary of Agence Française de Développement. The funds will be used to construct and put into operation a 100 MW photovoltaic (PV) solar power plant near the city of Samarkand, Uzbekistan.
The package will be provided to project developer Tutly Solar LLC (Tutly Solar), which is fully owned by Total Eren, a leading France-based independent power producer (IPP) for renewable energy sources (mainly solar and wind), active globally. It will consist of an EIB loan of €43.7 million and two loans of approximately €21.8 million each from the EBRD and PROPARCO. ....

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Total Eren flush for 100MW Uzbekistan solar

A subsidiary of Total Eren is to receive almost €88m in funding for a 100MW solar farm in Uzbekistan from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and Proparco, a subsidiary of Agence Francaise de Developpement.
The €87.7m finance is for Tutly Solar and will help fund the project near the city of Samarkand.
It will consist of an EIB loan of €43.7m and two loans of approximately €21.8m each from the EBRD and Proparco.
The project will help reduce annual greenhouse gas emissions by 160,000 tonnes of carbon dioxide equivalent and generate 270 gigawatt-hours of electricity. ....

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PV - EBRD, EIB and PROPARCO Provide Funding for Total Eren?s PV Plant in Uzbekistan - Renewable Energy Magazine, at the heart of clean energy journalism

Monday, 10 May 2021
The government of Uzbekistan’s plans to develop 8 GW of solar and wind capacity by 2030 have received a major boost following the approval of an €87.4 million financing package jointly organized by, the European Bank for Reconstruction and Development (EBRD), the European investment Bank(EIB) and PROPARCO, a subsidiary of Agence Française de Développement. The funds will be used to construct and put into operation a 100 MW photovoltaic solar power plant near the city of Samarkand.
Sebastian Ganso from Pixabay
The package will be provided to project developer Tutly Solar LLC, which is fully owned by Total Eren, a leading France-based independent power producer (IPP) from renewable energy sources (mainly solar and wind), active globally. It will consist of an EIB loan of €43.7 million and two loans of approximately €21.8 million each from the EBRD and PROPARCO. ....

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Uzbekistan to receive 87.4 million Euros for construction of solar power plant

Uzbekistan to receive 87.4 million Euros for construction of solar power plant
AKIPRESS.COM - The government of Uzbekistan’s plans to develop 8 GW of solar and wind capacity by 2030 have received a major boost following the approval of an €87.4 million financing package jointly organised by, the European Bank for Reconstruction and Development (EBRD), the European investment Bank (EIB) and PROPARCO, a subsidiary of Agence Française de Développement. The funds will be used to construct and put into operation a 100 MW photovoltaic solar power plant near the city of Samarkand, EBRD said.
The package will be provided to project developer Tutly Solar LLC, which is fully owned by Total Eren, a leading France-based independent power producer (IPP) from renewable energy sources (mainly solar and wind), active globally. It will consist of an EIB loan of €43.7 million and two loans of approximately €21.8 million each from the EBRD and PROPARCO. ....

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Total Eren lands €87.4 million financing for 100MW solar project in Uzbekistan

Total Eren lands €87.4 million financing for 100MW solar project in Uzbekistan
Total Eren’s 128MWdc solar farm in Kazakhstan. Image: Total Eren.
Tutly Solar, French energy giant Total Eren’s subsidiary in Uzbekistan, has been awarded an €87.4 million US$106.32 million) loan package to develop a utility-scale solar PV system in the country.
The European Investment Bank (EIB) has said it will offer €43.7 million in debt financing, while a subsidiary of Agence Française de Développement, called PROPARCO, and European Bank for Reconstruction and Development (EBRD) will each provide €21.8 million.
The project, a 100MW PV power plant in Samarkand, in southeastern Uzbekistan, will be one of few private-sector renewables projects in the country when it comes online, supplying the National Electric Networks of Uzbekistan through a 25-year power purchase agreement (PPA). It is expected to be completed by the end of this year. ....

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