Acwa Uzbek Deals

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Saudi Arabia’s Acwa Power has signed energy deals with Uzbekistan worth $12 billion, mostly focused on cooperation in renewables, during Uzbek President Shavkat Mirziyoyev's trip to Saudi Arabia last week. The deals include a heads of agreement to develop a 1.5 GW wind farm in Uzbekistan, a plan for investment in "green" hydrogen and a broad $10 billion investment cooperation agreement. These would contribute to Uzbekistan’s long-term diversification strategy as it targets 8 GW of solar power and 12 GW of wind power capacity by 2026 and 2030, respectively, the Uzbek energy ministry said.

Renewable Electricity , Utilities, Hydrogen
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