{"id":92682,"date":"2024-12-19T00:00:00","date_gmt":"2024-12-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/19\/acwa-power-breaks-ground-on-five-uzbek-ventures\/"},"modified":"2024-12-19T00:00:00","modified_gmt":"2024-12-19T00:00:00","slug":"acwa-power-breaks-ground-on-five-uzbek-ventures","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/19\/acwa-power-breaks-ground-on-five-uzbek-ventures\/","title":{"rendered":"Acwa Power breaks ground on five Uzbek ventures"},"content":{"rendered":"

Homegrown renewables giant Acwa Power broke ground on two solar <\/strong>plants <\/strong>in Samarkand, Uzbekistan<\/strong>, with a combined capacity of 1 GW, according to a statement<\/a> by the Uzbek government. The firm has also connected two 500 MW wind projects in Bukhara to the national grid, along with launching a 334 MW Battery Energy Storage System (BESS) in Tashkent. <\/p>\n

Acwa Power\u2019s latest ventures in Uzbekistan have brought its <\/strong>10-year green energy<\/a><\/strong>portfolio<\/a><\/strong> in the country to a total of USD 15 bn,<\/strong> with four projects \u2014 worth a combined USD 3 bn \u2014 already sealed, according to the statement. <\/p>\n

ICYMI- <\/strong>Earlier in October<\/a>, Acwa Power signed a joint development agreement with Japan\u2019s Sumitomo Corporation 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. 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. <\/p>\n

Tracing the USD trail: <\/strong>Acwa Power recently tapped<\/a> the Opec Fund for International<\/a>Development<\/a> to help finance its two wind projects \u2014 a USD 658 mn 500 MW wind farm in Dzhankeldy<\/a> and a USD 690 mn 500 MW wind plant in Bash<\/a> \u2014 snapping up two USD 20 loans for the move. <\/p>\n

About the wind farms: <\/strong>The developments include two transmission lines, one extending 128 km for Dzhankeldy and one 160 km long for Bash. The company signed 25-year power purchase agreements with the National Electrical Grid of Uzbekistan for both projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

Acwa Power now boasts a USD 15 bn energy portfolio in the country<\/p>\n","protected":false},"author":1,"featured_media":92683,"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":[2573],"tags":[448,10,451,874,2548],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-acwa-power","tag-enterpriseam-ksa","tag-renewables","tag-solar-energy","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"f0aa287f-d229-4a92-aeea-190eca5cb111","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1795.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power breaks ground on five Uzbek ventures","related_issue":[92672],"teaser":"Acwa Power now boasts a USD 15 bn energy portfolio in the country","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.ba6193c7-ac13-48bf-be66-e7cabe4a0818.mp3"},"yoast_head":"\nAcwa Power breaks ground on five Uzbek ventures - 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