ACWA Power inks deal for Uzbekistan wind, green hydrogen projects

It will contribute to Uzbekistan’sgoal to decarbonise 35% of its energy sector by 2030.

ACWA Power signed two agreements for the development of wind and green hydrogen energy projects in Uzbekistan, supporting the country’s decarbonisation goals.

In a statement, ACWA Power said the first set of agreements involves the partnership with Uzbekistan’s national holding company for chemicals, Uzkimyosanoat, through green hydrogen projects.

The first project of its kind in Central Asia, the initial phase of the green hydrogen projects located in the Tashkent region will cost around $100m. It will produce 3,000 tonnes of green hydrogen annually for the chemical industry, saving up to 20.4 million cubic metres of natural gas yearly.

The second phase, meanwhile, will have an investment of $4b to ramp up the production to 120,000 tonnes per year. It will save 830 million cubic metres of natural gas and reduce 20 million tonnes of carbon dioxide emissions annually.

ACWA Power said the project will also include renewable energy technology of over 2.6 gigawatts (GW).

Meanwhile, the second set of agreements involved the signing of financing documents for the Karatau wind farm which has a total investment of around $120m. The 100MW wind project is expected to start operations in February 2025.

The electricity generated by the plant will be supplied exclusively to the National Electric Grid of Uzbekistan for 25 years.

Follow the link for more news on

ACWA Power

Also Read

NSW OKs Liverpool Range Wind Farm expansion

SPNEC faces delays in project over right-of-way, grid connection issues

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

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition

Some steps they could take are implementing green tariffs and setting infrastructure funds.

17 hours ago

Global clean energy tech market to hit $2t by 2035

This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

17 hours ago

NSW OKs Liverpool Range Wind Farm expansion