The European Bank for Reconstruction and Development (EBRD) is set to finance a groundbreaking renewable hydrogen production project in Uzbekistan to enhance sustainability in the country. The initiative aims to reduce CO2 emissions by around 22,000 tons annually by establishing a facility capable of generating up to 3,000 tons of renewable hydrogen per year. The project, facilitated by a financial package totaling $65 million, will include a 20 MW electrolyzer and a new 52 MW wind power plant. ACWA Power UKS Green H2, a partnership between ACWA Power and Uzkimyosanoat (UKS), will oversee the development, design, construction, and operation of the plant. The EBRD's funding comprises a $55 million senior loan and a concessional financing of up to $10 million from Canada's High-Impact Partnership on Climate Action (HIPCA) Special Fund, with an additional subordinated equity loan of $5.5 million. Nandita Parshad, the EBRD Managing Director for Sustainable Infrastructure, highlighted the significance of this project in a region like Central Asia, known for carbon-intensive industries. The transition from gray hydrogen to renewable hydrogen in the production of ammonia fertilizers will play a crucial role in decarbonizing the sector. Once operational, the plant is expected to make a substantial impact by significantly reducing CO2 emissions through renewable hydrogen production, setting a precedent for sustainable practices in the region.