{"id":87046,"date":"2024-10-01T00:00:00","date_gmt":"2024-10-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/10\/01\/acwa-sumitomo-to-develop-2-5-gw-worth-of-renewables-in-uzbekistan\/"},"modified":"2024-10-01T00:00:00","modified_gmt":"2024-10-01T00:00:00","slug":"acwa-sumitomo-to-develop-2-5-gw-worth-of-renewables-in-uzbekistan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/10\/01\/acwa-sumitomo-to-develop-2-5-gw-worth-of-renewables-in-uzbekistan\/","title":{"rendered":"Acwa + Sumitomo to develop 2.5 GW worth of renewables in Uzbekistan"},"content":{"rendered":"

Acwa + Sumitomo partner on renewables in Uzbekistan: <\/strong>Saudi renewables giant Acwa Power signed a joint development agreement with Japan\u2019s Sumitomo Corporation<\/a> to develop 2.5 GW worth of renewable energy projects and nearly 1 GW worth of battery energy storage systems (BESS) in Uzbekistan valued at USD 4.2 bn, according to a press release<\/a>. Under the agreement, Acwa will divest 49% of its stake in the projects to Sumitomo. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

First up, Samarkand: <\/strong>The first set of projects \u2014 the Sazagan 1 and 2 solar farms \u2014 are located in Samarkand, with each boasting a 500 MW capacity. The solar farms are supported by a 334 MW BESS system. Commercial operations for the solar farms are set to begin between 2Q 2026 and 2Q 2027. <\/p>\n

Next, Karakalpakstan:<\/strong> The second set of projects \u2014 the Kungrad 1, 2, and 3 wind farms \u2014 are located in the Republic of Karakalpakstan. Each wind farm has a 500 MW along with 100 MW of BESS. Commercial operations are set to begin in 2Q 2028. <\/p>\n

Acwa is investing heavily in Uzbekistan: <\/strong>Acwa Power has a 10-project green energy portfolio in Uzbekistan with a combined USD 7.5 bn<\/a> investment value. The company is building a green hydrogen plant<\/a> in Tashkent that will generate 3k tons of green hydrogen annually during its initial production phase, with a 52 MW wind farm to support the project. Acwa also signed three power purchase agreements totaling USD 2.5 bn<\/a> in March with the National Electric Grid of Uzbekistan and the country\u2019s Investment, Industry, and Trade Ministry for 1.4 GW worth of solar projects and three BESS units totalling a capacity of 1.5 GWh. <\/p>\n","protected":false},"excerpt":{"rendered":"

Sumitomo will jointly develop the renewables and BESS projects<\/p>\n","protected":false},"author":1,"featured_media":87047,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[104],"tags":[184,11,88,42,46],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-acwa-power","tag-enterpriseclimate","tag-renewables","tag-solar-energy","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"1aa1a504-bbda-4c1e-a023-949c212b413d","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/40.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa + Sumitomo to develop 2.5 GW worth of renewables in Uzbekistan","related_issue":[87041],"teaser":"Sumitomo will jointly develop the renewables and BESS projects","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.fbe59ac7-fce1-44d4-9996-4f2a969fb05a.mp3"},"yoast_head":"\nAcwa + Sumitomo to develop 2.5 GW worth of renewables in Uzbekistan - 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