ACWA Power’s Uzbekistan Wind & BESS Project: 25-Year PPA

April 1, 2024 | by magnews24.com

Apr 1, 2024 12:54 PM ET

  • ACWA POWER secures 25-year PPA for wind and BESS project in Uzbekistan, supporting the country’s renewable energy goals. Masdar also involved in sustainable development initiatives.

ACWA POWER has signed a 25-year Power Purchase Agreement (PPA) with the National Electric Grid of Uzbekistan for a wind and Battery Energy Storage System (BESS) project. The contract is valued at AR 985.13 million (USD 262.7 million) and falls under Uzbekistan’s Public Private Partnership law. The project is expected to be operational by the first half of 2026.

ACWA POWER has previously undertaken renewable projects in Uzbekistan, including wind farms and BESS projects. The company’s investment in Uzbekistan aligns with the country’s goal of reaching 7 GW of solar and 5 GW of wind capacity by the end of the decade. Additionally, ACWA Power has also entered into a PPA for a dispatchable renewable hybrid plant in South Africa last year.

The UAE-based company Masdar is also involved in developing renewable projects in Uzbekistan, including wind and solar projects. These initiatives aim to contribute to Uzbekistan’s renewable energy targets and promote sustainable development in the country.

What renewable projects has ACWA POWER undertaken in Uzbekistan?

  • ACWA POWER has undertaken a wind and Battery Energy Storage System (BESS) project in Uzbekistan, with a 25-year Power Purchase Agreement (PPA) signed with the National Electric Grid.
  • The project is valued at AR 985.13 million (USD 262.7 million) and is expected to be operational by the first half of 2026.
  • ACWA POWER’s investment in Uzbekistan aligns with the country’s goal of reaching 7 GW of solar and 5 GW of wind capacity by the end of the decade.
  • The company has previously undertaken renewable projects in Uzbekistan, including wind farms and BESS projects.
  • ACWA POWER has also entered into a PPA for a dispatchable renewable hybrid plant in South Africa last year.
  • Masdar, a UAE-based company, is also involved in developing renewable projects in Uzbekistan, including wind and solar projects.
  • These initiatives aim to contribute to Uzbekistan’s renewable energy targets and promote sustainable development in the country.

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