The Tashkent projects will include a 400 MW PV plant and 500 MWh BESS, while two 500 MW PV projects each and a 500 MWh BESS will be developed in Samarkand. Another 500 MWh BESS will be located in Bukhara, and the project will include overhead transmission lines to help dispatch power to the grid.
The agreements include the development of three solar photovoltaic (PV) projects in Tashkent and Samarkand and three Battery Energy Storage Systems (BESS) in Tashkent, Bukhara and Samarkand, with a total capacity of 1.4 GW of additional renewable energy and 1.5 GWh of additional battery storage capacity.
ACWA Power and the JSC National Electrical Grid of Uzbekistan signed a 25-year Power Purchase Agreement (PPA) for the development/construction/operation of a 200 MW photovoltaic plant including a battery energy storage system (“BESS”). JSC National Electric Grid of Uzbekistan acts as the sole off-taker.
The Tashkent, Samarkand and Bukhara PV and BESS projects will contribute to $ 2.5 billion of new investments as part of the targeted $10 billion investment. The company also recently signed an extensive heads of terms agreements to develop a green hydrogen facility and a green ammonia pilot project in the Republic.
The deal comes after a memorandum of understanding signed during the Tashkent Investment Forum in Uzbekistan in May 2024. Under the agreement, Acwa Power will receive contractual priority for 2 GWh of new BESS capacity in Uzbekistan, which will allow it to offer competitive tariffs.
By incorporating BESS into the grid, Uzbekistan will soon have the largest battery energy storage facilities in the region which will play a crucial role in stabilising the grid while promoting renewable energy in the Republic. The BESS will help to mitigate the effects of intermittency that are inherent in renewable energy sources.
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