World: ACWA Power to Invest USD 2.4 Billion for 1.5 GW Wind Projects in Uzbekistan

ACWA Power will invest USD 2.4 billion to develop wind projects of 1.5 GW capacity in Uzbekistan. The company also signed power purchase agreements (PPAs) with the government for these projects. The wind farm will comprise three 500 MW wind power projects owned by three subsidiaries of ACWA Power. Each of these projects will incorporate a 100 MW capacity battery energy storage system. The wind farm is expected to bolster the Uzbekistan governments long term strategy to diversify the countries energy mix. The country has set targets of 8 GW and 12 GW for solar and wind capacity 2026 and 2030.


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Smart Grid Bulletin December 2022

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