The European Bank for Reconstruction and Development (EBRD) is set to finance the first renewable hydrogen facility in Uzbekistan, aiming to decarbonise the fertiliser production and power generation sectors. The project, developed by ACWA Power UKS Green H2, will comprise a 20 MW electrolyser and a 52 MW wind power plant. The financial package of US$ 65 million includes funds from EBRD, Canada, and an equity bridge loan. This initiative is in partnership with Uzkimyosanoat and is expected to significantly reduce carbon emissions by replacing grey hydrogen with renewable hydrogen. The EBRD's investment aligns with the bank's efforts to support sustainable infrastructure projects in the region. The plant is projected to produce 3,000 tonnes of renewable hydrogen per year, contributing to a substantial reduction of approximately 22,000 tonnes of CO2 emissions annually. This move is part of a broader global trend towards adopting cleaner energy solutions to combat climate change. The support from Canada under the Special Fund for the High Impact Partnership on Climate Action (HIPCA) underscores international cooperation in advancing green technologies. Additionally, this initiative marks a milestone in Central Asia, where carbon-intensive industries pose significant challenges for decarbonisation. By implementing renewable hydrogen technology, Uzbekistan aims to enhance its environmental sustainability and transition towards greener industrial practices. Overall, the project represents a positive step towards fostering renewable energy production, reducing carbon footprint, and promoting sustainable development in Uzbekistan. It also highlights the importance of international partnerships and financial support in advancing climate-friendly solutions within the region.