ACWA Power has successfully completed the dry financial close for the $533 million Tashkent Riverside project in Uzbekistan. This project comprises a 500MWh battery energy storage system (BESS) and a 200MW solar PV plant, with the BESS set to be the largest in Central Asia. The primary goal of the project is to stabilize the Uzbek grid while also significantly contributing to the country's renewable energy capacity. The financial close saw a total debt of $386 million being secured, which accounts for more than two-thirds of the project cost. Once operational, the solar power project is expected to generate 418GWh of electricity annually and reduce CO2 emissions by more than 230,000 tonnes. This will aid in decreasing Uzbekistan's reliance on carbon-intensive thermal-power generation, thus supporting the country's shift towards a low-carbon economy, aligning with global renewable energy goals. The BESS associated with the project will play a crucial role in managing the intermittency of renewable energy sources by storing excess electricity during high production periods for later use when production is low. This will ensure a stable and continuous electricity supply to the grid, meeting the rising energy demand in Uzbekistan. ACWA Power, a key player in renewable energy, has established itself as a trusted partner in Uzbekistan's energy sector. The company's investments in the country, including the Tashkent Riverside project and the upcoming Aral 5GW Wind Independent Power Producer (IPP) project, signify a significant contribution to Uzbekistan's renewable energy ambitions. With a strong emphasis on sustainability and energy transition, ACWA Power's projects are poised to shape Uzbekistan's low-carbon future.