{"id":87985,"date":"2024-07-21T00:00:00","date_gmt":"2024-07-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/21\/acwa-power-sells-35-stake-in-2-wind-projects-in-uzbekistan\/"},"modified":"2024-07-21T00:00:00","modified_gmt":"2024-07-21T00:00:00","slug":"acwa-power-sells-35-stake-in-2-wind-projects-in-uzbekistan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/21\/acwa-power-sells-35-stake-in-2-wind-projects-in-uzbekistan\/","title":{"rendered":"Acwa Power sells 35% stake in 2 wind projects in Uzbekistan"},"content":{"rendered":"

Acwa Power sells down its stake in Uzbek projects: <\/strong>Renewables giant Acwa Power has offloaded a 35% stake in its Bash and Dzhankeldy 1 GW wind projects in Uzbekistan to China Southern Power Grid<\/a> \u2019s global investment arm China Southern Power Grid International for SAR 596 mn<\/a> (c. USD 159 mn), Acwa said in a statement<\/a>. The total investment ticket for both projects \u2014 the 500 MW Dzhankeldy wind farm<\/a> and the 500 MW bash wind plant<\/a> \u2014 is around USD 1.3 bn.<\/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

Acwa has bigger wind projects in the country: <\/strong>The company signed a SAR 18.2 bn (c. USD<\/a>4.9 bn) power purchase agreement<\/a> with the National Electric Grid of Uzbekistan (Negu) to develop a new 5 GW wind farm \u2014 set to become the largest in Central Asia \u2014 in May. It also signed a SAR 985 mn (c. 262.6 mn) power purchase agreement to develop the 200 MW Nukus 2 wind project in April<\/a>, and a USD 2.4 bn agreement with the National Electric Grid of Uzbekistan for a 1.5 GW wind energy farm in January<\/a> 2024. Acwa has a total of 15 projects in Uzbekistan for around USD 13.9 bn.<\/p>\n

Hydrogen is on the list too: <\/strong>Acwa also began construction on its green hydrogen production<\/a>facility<\/a> \u2014 expected to be commissioned in December 2024 \u2014 in Tashkent last year. The plant will be connected to an existing ammonia production plant in Tashkent and will generate 3k tons of green hydrogen annually during its initial production phase. <\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction is worth SAR 596 mn<\/p>\n","protected":false},"author":1,"featured_media":87986,"comment_status":"","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":[2575],"tags":[448,446,2425,10,14,451],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-acwa-power","tag-climate","tag-energy","tag-enterpriseam-ksa","tag-ma-watch","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"ac701570-60ac-4957-bbdc-d3be2665b11d","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/202.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power offloads a 35% stake in 2 wind projects in Uzbekistan","related_issue":[87972],"teaser":"The transaction is worth SAR 596 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.bb0e6018-c8d0-4ff9-9f90-822e5eff3716.mp3"},"yoast_head":"\nAcwa Power sells 35% stake in 2 wind projects in Uzbekistan - 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