Indian energy transition platform Jakson Green has secured a credit facility to build a 250MW solar power plant in Uzbekistan.
The INR 2.96bn (€0.03bn) facility from from First Abu Dhabi Bank (Mumbai) will also finance a 63MW integrated battery energy storage system.
This project will be situated in Bukhara, Uzbekistan, marking a transformative leap towards sustainable energy infrastructure in the region.
Chandan Goswami, chief financial officer of Jakson Green, said: “The support extended by First Abu Dhabi Bank empowers us to engage with diverse markets and capitalize on opportunities for sustainable growth.
“This project in Uzbekistan exemplifies Jakson Green’s dedication to delivering excellence in utility-scale renewable energy projects, both domestically and internationally, and highlights our commitment to advancing clean energy solutions and fostering global partnerships in the renewable energy sector.”
Nishad Kulkarni, executive director of First Abu Dhabi Bank India, said: “We are pleased to support Jakson Green’s international expansion plans in the renewable space.
“This project aligns perfectly with our commitment to financing sustainable solutions and driving the transition towards a greener future. We are confident that Jakson Green’s expertise and experience will ensure the success of this landmark project globally.”