Baku (TDI): Saudi Arabia’s ACWA Power has inked a significant agreement with Uzbekistan to construct electricity storage systems with a total capacity of 2,000 MWh.
The deal was formalized during the COP-29 climate conference in Baku, Azerbaijan.
The collaboration will see ACWA Power work closely with Uzbekistan’s Ministry of Energy to develop advanced energy storage systems across the country.
The project’s first phase will involve feasibility studies to assess the condition of Uzbekistan’s national grid and identify the most suitable regions for deployment.
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The ambitious initiative, which is valued at $1.1 billion, is expected to generate over 1,000 jobs throughout its lifespan.
Uzbekistan, with its plans to significantly boost its energy storage capacity, is targeting 4.2 GW by 2030.
The first energy storage system under this agreement is expected to be operational in early 2025 in the Fergana region.
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Uzbekistan’s Deputy Energy Minister, Umid Mamadaminov, highlighted the critical need to build 10 GW of backup capacity by 2030 to effectively support the integration of renewable energy sources.
He stressed that the country’s minimum reserve capacity should equal at least 50% of its solar and wind power capacity to ensure grid stability.
