It will invest between $500 million and $1.1 billion on the project, according to the implementation agreement.
Alisher Sultanov, 鲍锄产别办颈蝉迟补苍鈥檚 energy minister, said the agreements with ACWA support 鲍锄产别办颈蝉迟补苍鈥檚 鈥渕ission to strengthen energy security through self-sufficient power sources鈥.
Neither ACWA Power or the ministry of energy has given any further details about the wind farm, which, despite its size, might not even be the largest wind farm in fossil-fuel reliant Uzbekistan when built.
鲍锄产别办颈蝉迟补苍鈥檚 wind fleet currently consists of just one 750kW Goldwind turbine 鈥 but much larger projects are planned, including a 1.5GW wind farm developed by Chinese power firm Lioaning.
The European Bank for Reconstruction and Development said unreliable power supply and obsolete power plants mean聽Uzbekistan experiences energy losses of up to 20%.
In May 2019, the country introduced legislation for competitive renewable energy tenders to help reduce its reliance on fossil fuels by developing and regulating a renewable energy sector, according to law firm Baker McKenzie.
Uzbekistan aims to meet 21% of its energy needs from renewable sources by 2031.
Earlier this year, ACWA was selected to build a 240MW wind farm in Azerbaijan, across the Caspian Sea from Uzbekistan.
.png)
.png)
