MENA Weekly Round-Up: ADB, Masdar Sign Solar-Plus-Storage Financing Deal

Asian Development Bank (ADB) and Abu Dhabi Future Energy Company PJSC (Masdar) signed a $30 million financing package to develop a 300 MW solar power plant and 75 MWh battery energy storage system in Guzar City, Kashkadarya Region, Uzbekistan. The financing comprises a $12.5 million loan from ADB, a $12.5 million loan from the Leading Asia’s Private Infrastructure Fund 2, and a $5 million loan from the Canadian Climate and Nature Fund for the Private Sector in Asia.

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