ACWA Power expands operation to Uzbekistan with wind farm deal
04 May 2021 Officials after the signing of 1500 MW wind farm implementation agreement.
ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants in 13 countries, signed an implementation agreement with the Ministry of Investments & Foreign Trade and the Ministry of Energy of Uzbekistan for the development, construction and operation of a 1500 MW wind power project in Karakalpakstan, Uzbekistan.
The deal was signed in the presence of Prince Abdulaziz Bin Salman, Saudi Minister of Energy, and Sardor Umurzakov, Uzbekistan’s Deputy Prime Minister and Minister of Investments & Foreign Trade. Once operational, the project will become the largest wind farm in the Central Asian region, and one of the largest in the world.
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Saudi Arabia looks to have notched up a new record-low price for large-scale solar power, with one of seven projects recently signed up to power purchase agreements contracted to sell electricity for just over $US10 per megawatt-hour ($A13/MWh).
According to local press, Saudi Arabia’s energy minister Prince Abdulaziz Bin Salman announced the new record on Thursday last week at the inauguration of the 300MW Sakaka solar power plant in Al-Jouf, the kingdom’s first renewables project.
At the plant’s launch, Prince Abdulaziz announced that PPAs for seven other renewable projects across a range of regions had also been signed between the Saudi Power Procurement Company and five investment consortiums made up of 12 unnamed Saudi and international companies.
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