QAZAQ GREEN. Saudi energy company ACWA Power has signed an agreement with Uzbekistan’s Ministry of Energy for the development of a 1.5GW onshore wind project in the Karakalpakstan region, the press office of the Uzbek Ministry of Eneregy reports.

The project will involve a $2.4bn investment and is expected to achieve financial close by the end of next year.

Claimed to be Uzbekistan’s largest single-site onshore wind facility, the project is expected to come online by the first quarter of 2026.

Upon completion, the wind farm will have the capacity to meet the power requirements of 1.65 million households while displacing 2.4 million tonnes of carbon emissions a year.

It will also help Uzbekistan achieve 19% of its overall renewable energy targets.

In addition to the wind farm, ACWA Power and the Ministry of Energy signed agreements for investments in green hydrogen, which will involve collaborating with Air Products.

A $10bn investment cooperation agreement (ICA) was also signed for the joint development of gas-to-power, renewable energy and green hydrogen projects in the country from next year to 2028.

Uzbek President Shavkat Mirziyoyev signed the agreements during a visit to Saudi Arabia.