ACWA Power Company will join hands with Uzbekistan in order to enter into a $2.4 billion deal for a 1,500-megawatt wind project, a bourse filing disclosed.
The PIF-owned company said in a bourse filing: “This project would be the biggest single site onshore wind project in the region and the world and will contribute 19 percent to Uzbekistan’s overall renewable energy goals.”
The facility in Uzbekistan seeks to power 1.65 million households and offset 2.4 million tons of carbon emissions per year.
The project is likely to be fully commissioned by the first quarter of 2026.
The agreement duration is 25 years and will be signed with the Uzbekistani Ministry of Energy and Ministry of Investment & Foreign Trade.
