The agreements include the development of three solar photovoltaic (PV) projects in Tashkent and Samarkand and three Battery Energy Storage Systems (BESS) in Tashkent, Bukhara and Samarkand, with a total capacity of 1.4 GW of additional renewable energy and 1.5 GWh of additional battery storage capacity.
TASHKENT, May 21, 2024 — The World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), and the Government of Uzbekistan have signed a financial package to fund a 250-megawatt (MW) solar photovoltaic plant with a 63-MW battery energy storage system (BESS).
ACWA Power and the JSC National Electrical Grid of Uzbekistan signed a 25-year Power Purchase Agreement (PPA) for the development/construction/operation of a 200 MW photovoltaic plant including a battery energy storage system (“BESS”). JSC National Electric Grid of Uzbekistan acts as the sole off-taker.
The Tashkent projects will include a 400 MW PV plant and 500 MWh BESS, while two 500 MW PV projects each and a 500 MWh BESS will be developed in Samarkand. Another 500 MWh BESS will be located in Bukhara, and the project will include overhead transmission lines to help dispatch power to the grid.
The Tashkent, Samarkand and Bukhara PV and BESS projects will contribute to $ 2.5 billion of new investments as part of the targeted $10 billion investment. The company also recently signed an extensive heads of terms agreements to develop a green hydrogen facility and a green ammonia pilot project in the Republic.
ACWA Power has five ongoing projects in Uzbekistan, including four wind projects and a combined gas cycle turbine facility. Uzbekistan is the second largest in terms of value for the company after its home market of Saudi Arabia.