Synergy Consulting, Inc., Group is honored to have supported GOU and EBRD as Lead and Financial Advisor for the 200 MW wind-based power project with 100 MW | 100 MWh Battery Energy Storage System in the Republic of Karakalpakstan, Republic of Uzbekistan, which achieved Financial Close in March 2026.
This milestone builds on several key developments achieved over the course of the Project, including the declaration of ACWA Power as the winning bidder and the successful achievement of Commercial Close.
The Project is the first competitively procured wind + battery project in Uzbekistan and the first in Central Asia to combine wind and BESS within the private partner’s scope, with no commercial structuring precedent for the BESS component.
Following Commercial Close, the Project also underwent significant contractual and structural adjustments as part of wider energy sector reforms in Uzbekistan, including the transition of the electricity offtaker role from NEGU to the newly established Uzenergosotish (UES). This required extensive engagement with the sponsor, lenders, and government stakeholders to navigate lender due diligence, restructuring considerations, and documentation updates through to Financial Close.
Synergy Consulting Group acted as Lead and Financial Advisor for the Project, alongside GOPA Intec and Juru Energy as Technical Advisors, and White & Case as Legal Advisor. Synergy would like to thank all stakeholders, advisors, lenders, and project participants for their collaboration and support in achieving this important milestone.
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