Covington Transaction Wins IJGlobal “ESG Renewable Energy Deal of the Year”

LONDON– IJGlobal awarded a Covington-supported transaction as the “ESG Renewable Energy Deal of the Year – Frontier Market” at the ESG Awards 2025. This accolade recognizes the firm’s role in advising ACWA Power in connection with the financing of the US$533 million Tashkent Riverside Solar PV and Battery Energy Storage System (BESS) project.

The project, located in the Tashkent region of Uzbekistan, represents a major milestone for the country’s energy transition. The project will add 200 MW of solar generation capacity and 500 MWh of BESS to the power system of Uzbekistan, the largest battery energy storage system in Central Asia. The project is core to Uzbekistan's ambition to generate 40% of its electricity from renewable energy by 2030.

ACWA Power and the JSC National Electrical Grid of Uzbekistan signed a 25-year Power Purchase Agreement for the development, construction, and operation of the project. Also as part of the project, ACWA Power implemented a robust framework of environmental and social issues.

The IJGlobal ESG Awards celebrate “organizations that have truly turned the dial in ESG within energy and infrastructure.”

The Covington team advising ACWA Power was led by Agnieszka Klich and Julie Scotto. Other team members included Richard Oliver and Jecolia Horn.