ADB and Masdar sign USD 30 million for Uzbekistan solar-storage project
The Asian Development Bank and Masdar signed a USD 30 million financing package on January 15, 2026, for a 300 MW solar plant with a 75 MWh battery system in Uzbekistan's Kashkadarya Region. The blended-finance structure demonstrates a replicable model for de-risking renewable-plus-storage infrastructure relevant to emerging markets including India.
The Asian Development Bank and Abu Dhabi Future Energy Company (Masdar) signed a USD 30 million financing package on January 15, 2026, for a renewable project in Guzar City, Kashkadarya Region, Uzbekistan. The technical scope includes a 300-megawatt solar photovoltaic plant, a 75-megawatt-hour battery energy storage system, 1.6 kilometres of transmission lines, and a 220-kilovolt substation. Financing comprises a 12.5-million-dollar ADB loan, an equal amount from Leading Asia's Private Infrastructure Fund, and five million dollars from the Canadian Climate and Nature Fund for the Private Sector in Asia.
The special purpose vehicle Nur Kashkadarya Solar PV Foreign Enterprise LLC is the primary affected entity, supported by an ADB partial credit guarantee of up to nine million dollars mitigating payment-obligation risks. The project aligns with Uzbekistan's target of a forty percent renewable share in total power generation by 2030. Once operational, the facility will produce an estimated 634 gigawatt-hours of clean electricity annually, offsetting at least 354,000 tons of carbon dioxide emissions every year, contributing to regional decarbonization and the country's energy security.
Emerging-market renewable developers and climate financiers should note this institutionalizes battery storage as a standard component of large-scale renewable infrastructure in Central Asia, creating a replicable model. The project continues a thirty-year ADB–Uzbekistan partnership involving billions in total investment. Affected entities should monitor how blended climate finance and partial credit guarantees unlock private capital for net-zero commitments, since risk-mitigation tools attracting private sector expertise into large-scale infrastructure offer a template for similar renewable-plus-storage projects across developing member countries.
Key figure — Financing package: USD 30 million for 300 MW solar plus 75 MWh battery storage
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