Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) has, together with ACWA Power (Head Office: Riyadh, Kingdom of Saudi Arabia; Chairman: Mohammad Abunayyan; hereinafter "ACWA"), Shikoku Electric Power. Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) has, together with ACWA Power (Head Office: Riyadh, Kingdom of Saudi Arabia; Chairman: Mohammad Abunayyan; hereinafter "ACWA"), Shikoku Electric Power. The European Bank for Reconstruction and Development (EBRD) is providing a comprehensive financing package of US$ 142 million (€121 million) for two special-purpose vehicles (SPVs) that will develop Uzbekistan 's and Central Asia's largest combined solar photovoltaic and battery energy storage. EBRD financing will support the construction of two solar and storage projects from Saudi developer ACWA Power. The European Bank for Reconstruction and Development (EBRD) has provided US$142 million in financing for the construction of a 1GW solar and 1. 3GWh battery energy. - Regional synergies emerge as Central Asia's untapped 3. 76 million MW solar potential aligns with U. $20B mineral investments, linking resource extraction to energy storage development. - Despite grid reliability challenges, Masdar's BESS demonstrates storage's role in bridging infrastructure. At the "Powering the Future" forum in Tashkent, Uzbekistan unveiled 42 renewable, storage, and grid projects, with international partners supporting a nationwide energy transformation. Every home in Uzbekistan could switch on the lights using only clean electricity in 2026.