Home » Saudi-listed ACWA Power signs $4.85bln deal for Central Asia’s largest wind farm

Saudi-listed ACWA Power signs $4.85bln deal for Central Asia’s largest wind farm

by Madaline Dunn

Saudi-listed ACWA Power, the world’s largest private water desalination company, recently signed a Power Purchase Agreement (PPA) with the National Electric Grid of Uzbekistan at the Tashkent International Investment Forum for Central Asia’s largest wind farm.

The Aral Wind IPP will be deployed in five phases and generate approximately 18,500 GWh of clean electricity annually.

This, it said, will displace 247 billion tonnes of CO2 over its lifetime while providing power to around four million homes.

Further, it was shared that it is projected to create hundreds of direct and indirect jobs and stimulate local industry by localising services and supplies.

The Aral 5GW Wind Independent Power Producer (IPP) project in the Karakalpakstan region is the company’s 15th project in Uzbekistan, as its largest market after its home country of Saudi Arabia.

This latest project brings its total investment in the country to $13.9 billion.

Mohammad Abunayyan, Founder and Chairman of the Board of ACWA Power, said: “This historic project will provide clean power to approximately 4.5 million houses in Uzbekistan, a country which is propelling its energy transition thanks to its ambitious and decisive leadership. We are proud to collaborate with Uzbekistan’s government to export our low-carbon expertise beyond the borders of Saudi Arabia, improving the lives of millions in a country with whom we are honoured to share close ties.”

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