Saudi utility developer ACWA Power is set to signed an agreement with Uzbekistan’s Ministry of Energy and Ministry of Investment & Foreign Trade to build a 1500MW wind project in Uzbekistan.

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The project is valued at around $2.4 billion.

The project is expected to achieve financial close by the end of 2023 and be fully commissioned by the first quarter of 2026.

Once complete, the project would be the biggest single site onshore wind project in the region and will contribute 19% to Uzbekistan’s overall renewable energy goals, ACWA said.

The facility is expected to power 1.65 million households and offset 2.4 million tonnes of carbon emissions per year.

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