{"id":87738,"date":"2024-11-04T00:00:00","date_gmt":"2024-11-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/"},"modified":"2024-11-04T00:00:00","modified_gmt":"2024-11-04T00:00:00","slug":"ksas-acwa-secures-funding-for-two-of-its-central-asia-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/","title":{"rendered":"KSA\u2019s Acwa secures funding for two of its Central Asia projects"},"content":{"rendered":"

Acwa Power reached financial close for USD 62 mn in loans to finance the 100 MW Nukus<\/strong> 1 wind project in Uzbekistan\u2019s Qorao\u2019zak district<\/strong>, according to a press release<\/a> on Sunday. The financing \u2014 secured from the European Bank for Reconstruction and Development, the German Investment Corporation, and Proparco \u2014 will be structured as senior and subordinated debt. <\/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

More on the project: <\/strong>The Nukus 1 project \u2014 also known as Karatau Wind IPP \u2014 is set to commence operations by late 2025. Earlier in 2023, Acwa signed financing agreements<\/a> worth USD 120 mn in 2023 for the 100 MW wind farm. The National Electric Grid of Uzbekistan (NEGU) will be the exclusive buyer of electricity generated by the wind farm over a 25-year period. <\/p>\n

REMEMBER- Acwa has a considerable foothold in the country:<\/strong> Acwa Power has poured some USD 7.5 bn into renewable energy projects<\/a> in Uzbekistan as of April 2024. The projects are set to produce some 25 GW of renewable energy by 2030, slashing emissions by 3 mn tons. It signed three power purchase agreements totaling USD 2.5 bn last year with NEGU and the country\u2019s Investment, Industry, and Trade Ministry for 1.4 GW worth of solar projects and three BESS units totaling a capacity of 1.5 GWh. It also signed power purchase and investment agreements last year with NEGU for a 1.5 GW wind energy farm \u2014 slated to be Central Asia\u2019s largest.<\/p>\n

The company also made progress in Azerbaijan: <\/strong>Acwa Power also disclosed USD 238 mn in financing for the 240 MW Absheron-Khizi Wind Farm<\/a> in Azerbaijan, marking the country\u2019s first foreign investment-based independent wind project. The EBRD and the OPEC Fund for International Development were listed as the main lenders. <\/p>\n","protected":false},"excerpt":{"rendered":"

The funding was secured from the EBRD, German Investment Corporation, and Proparco<\/p>\n","protected":false},"author":1,"featured_media":87739,"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":[84],"tags":[184,83,11,164,160,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-acwa-power","tag-debt-watch","tag-enterpriseclimate","tag-green-finance","tag-masdar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"2a0bda90-258c-4093-868a-a9806df8546b","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/213.jpg","photo_position":"above","homepage_title":"","full_issue_title":"KSA\u2019s Acwa secures funding for two of its projects in Central Asia","related_issue":[87726],"teaser":"The funding was secured from the EBRD, German Investment Corporation, and Proparco","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.236e516d-9960-43ee-8d95-a6fc1030220d.mp3"},"yoast_head":"\nKSA\u2019s Acwa secures funding for two of its Central Asia projects - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KSA\u2019s Acwa secures funding for two of its Central Asia projects\" \/>\n<meta property=\"og:description\" content=\"The funding was secured from the EBRD, German Investment Corporation, and Proparco\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"KSA\u2019s Acwa secures funding for two of its Central Asia projects\",\"datePublished\":\"2024-11-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/\"},\"wordCount\":298,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ACWA Power\",\"DEBT WATCH\",\"EnterpriseClimate\",\"green finance\",\"Masdar\",\"solar energy\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/\",\"name\":\"KSA\u2019s Acwa secures funding for two of its Central Asia projects - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-04T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KSA\u2019s Acwa secures funding for two of its Central Asia projects\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"KSA\u2019s Acwa secures funding for two of its Central Asia projects - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/","og_locale":"en_US","og_type":"article","og_title":"KSA\u2019s Acwa secures funding for two of its Central Asia projects","og_description":"The funding was secured from the EBRD, German Investment Corporation, and Proparco","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/","og_site_name":"Climate","article_published_time":"2024-11-04T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"KSA\u2019s Acwa secures funding for two of its Central Asia projects","datePublished":"2024-11-04T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/"},"wordCount":298,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1","keywords":["ACWA Power","DEBT WATCH","EnterpriseClimate","green finance","Masdar","solar energy"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/","name":"KSA\u2019s Acwa secures funding for two of its Central Asia projects - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1","datePublished":"2024-11-04T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/04\/ksas-acwa-secures-funding-for-two-of-its-central-asia-projects\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"KSA\u2019s Acwa secures funding for two of its Central Asia projects"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/213.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-mP8","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/87738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=87738"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/87738\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/87726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/87739"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=87738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=87738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=87738"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=87738"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=87738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}