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“We are very pleased to continue our partnership with Tahleri Energia to expand renewable energy and accelerate the energy transition of the EBRD economy,” said Anne Fossemal, Director of Equity Funds at the EBRD. “This investment will enhance power generation and diversify funding sources for renewable energy assets.”
The EBRD invests in many renewable projects in general and solar power projects in particular, and in recent months has focused on investments in Central Asia. The group is currently investigating the feasibility of a €128.1 million (US$140 million) investment in a 200 MW solar power project and a 500 MWh battery storage project in Uzbekistan, and is looking to support the construction of the power plant. The company plans to invest 41.2 million euros (45 million U.S. dollars) in the project. 200MW solar power project in Armenia.
The group has historically been based in Europe, with founding members and funders including the European Union and the European Investment Bank, but has since expanded its reach around the world. The bank’s investment in Uzbekistan is the latest investment in the country’s growing solar power sector, following the commissioning of some solar power projects by China Energy Engineering Corporation, and since 2016 the bank has had members in China and Adding India.
“The EBRD is an anchor investor in both the Tahleri Solar Wind II and Tahleri Solar Wind III funds,” said Kai Rintala, managing director of Tahleria Energia. “These funds invest around 50% of their capital in the Baltics, Poland and South-Eastern Europe.”
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