Acwa Power inks agreement to develop 800 MW green project in Uzbekistan: KSA renewable energy giant Acwa Power signed an agreement with Uzbekistan's government to implement a hybrid 800 MW renewable energy and integrated green hydrogen project, according to a statement published on Thursday. No operational timeline, production date or financial details on the partnership have yet been disclosed.
Acwa is making big moves in Uzbekistan: The renewables giant broke ground on its green hydrogen production facility in Uzbekistan last month with a capacity of 3k tons of green hydrogen annually. The renewables giant signed three power purchase agreements totaling USD 2.5 bn in March with the National Electric Grid of Uzbekistan and the country’s Investment, Industry, and Trade Ministry for 1.4 GW worth of solar projects and three battery energy storage (BESS) units totalling a capacity of 1.5 GWh. Acwa Power has a 10-project green energy portfolio in Uzbekistan with a combined USD 7.5 bn investment value.
The renewables giant is also expanding globally: Acwa Power signed an agreement with Indonesia's PT Perusahaan Listrik Negara (PLN) earlier this month to build Indonesia's largest green hydrogen facility and signed an MoU with Jordan’s Energy and Mineral Resources Ministry for a feasibility study to produce 100-150k tons of green ammonia annually. Acwa also inked an agreement with the Egyptian government to develop a large-scale two-phase green hydrogen and ammonia project in the Suez Canal Economic Zone last week.