ACWA Power propels Uzbekistan's renewable energy drive with $262mn Nukus2 wind project deal

02.04.2024

Saudi energy firm ACWA Power has inked a power purchase agreement worth SR985.13mn ($262.7mn) with Uzbekistan's National Electric Grid for the Nukus2 200-megawatt wind project. This deal marks a step in Uzbekistan's renewable energy ambitions.

Structured as a public-private partnership, the 25-year agreement includes provisions for the installation of a battery energy...