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ACWA Power signs deal for 1.5-gigawatt wind farm in Uzbekistan

August 18, 2022

ACWA Power has signed agreements with Uzbekistan’s Ministry of Energy including one to build a 1500MW onshore wind farm.

The agreements were signed during the state visit to Saudi Arabia, of Uzbekistan’s President, Shavkat Mirziyoyev.

The signings are for a heads of terms agreement to develop a 1.5GW wind farm in the Karakalpakstan region of Uzbekistan, a plan for investment in green hydrogen, in Uzbekistan, in collaboration with Air Products and a $10bn investment cooperation agreement (ICA) to jointly develop gas-to-power, renewable energy, and green hydrogen projects in Uzbekistan.

Azim Akhmedkhodjaev, First Deputy Minister of Energy of Uzbekistan, said: “We have outstanding partners in ACWA Power, which is already implementing four energy projects in Uzbekistan, meaning these new ventures are based on a strong foundation of partnership and trust.

“I would like to thank our President, Shavkat Mirziyoyev, for his vision and drive to ensure these agreements were expedited, and also to ACWA Power and Saudi Arabia’s Ministry of Energy - for their continued best-in-class execution and partnership with Uzbekistan.”

The 1.5GW Karakalpakstan wind project’s heads of terms agreement is a foundation for a power purchase agreement and an investment agreement, to be initiated for the facility.

[Staff Report]

More: ACWA Power to develop 1.5GW wind in Uzbekistan

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