Acwa Power is upping its renewables game in Uzbekistan
KSA’s Acwa Power will develop two solar plants with battery storage in Uzbekistan: Saudi renewable energy giant Acwa Power signed a USD 2.5 bn power purchase and investment agreement (PPA) with Uzbekistan's Energy Ministry to develop two solar stations and three storage facilities, Reuters reported on Saturday. The two solar stations will have a combined capacity of 1.4 GW, while the three storage facilities — two of which will be integrated with the new solar stations — are expected to have a capacity of 1.2 GW. No further financial details or a proposed timeline on the projects has been disclosed.
The details: The first 400 MW solar station located in the Tashkent province will be equipped with a storage facility with the same capacity. The second solar station will be built in the Samarkand region with a capacity of 1 GW, and will have 400 MW of battery storage. A third 400 MW battery storage facility will be built in Bukhara province. Uzbekistan's Energy Ministry will purchase the energy produced from the stations from Acwa power under the agreement.
Acwa is on an Uzbekistani roll: Acwa Power signed an agreement in January to build a green hydrogen plant and a green ammonia pilot project in Uzbekistan. The company also inked another PPA and investment agreements with the National Electric Grid of Uzbekistan worth USD 2.4 bn for a 1.5 GW wind energy farm in the country.