Saudi Arabia’s ACWA power expands in Uzbekistan

The company seeks to develop gas-to-power, renewable energy, and green hydrogen.

Saudi-developer ACWA Power expands in Uzbekistan through three major agreements, meant to develop gas-to-power, renewable energy and green hydrogen projects, amongst others.

The company will be partnering with the government of Uzbekistan to develop 1.5 gigawatts (GW) wind farm. It is valued at around $2.4b and is expected to be fully commissioned by the first quarter of 2026.

“This partnership will be a major contribution to Uzbekistan's achievements in developing and modernising the energy sector, and specifically our dedication to green energy,” Azim Akhmedkhojaev, First Deputy Minister of Energy of the Republic of Uzbekistan, said.

“The joint projects will also give us access to the most modern technologies.”

ACWA Power also entered into an investment Cooperation Agreement to jointly develop gas-to-power, renewable energy, and green hydrogen projects in the country.

Moreover, the company will be charting a roadmap for investment of green hydrogen in Uzbekistan, in partnership with Air Products.

“With the signing of these key agreements with Uzbekistan’s Ministry of Investments & Foreign Trade and Ministry of Energy, Uzbekistan will become the second largest country for ACWA Power in terms of overall investment and we are proud to play a vital role in supporting the nation’s decarbonisation efforts, stemming from the strong international cooperation between Saudi Arabia and Uzbekistan under their visionary leadership,” Mohammad Abunayyan, ACWA Power Chairman, said.

Follow the link for more news on

ACWA Power

Uzbekistan Renewable Energy

Also Read

Alternergy takes over Tablas Offshore Wind Power Projects

ACEN’s net income grows 24% to $138m in 9M 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit