ACWA Power Launches 200-MW Solar Plant in Uzbekistan

• ACWA Power's Riverside solar project in Uzbekistan sparks a green energy revolution, combining 200 MW solar capacity and cutting-edge battery storage to power the future sustainably.

Saudi Arabia's ACWA Power Co has commenced commercial operations for its 200-MW solar photovoltaic project in the Tashkent region of Uzbekistan, known as the Riverside project. This facility, which recently received its Commercial Operation Certificate, will also incorporate a 334-MW/550-MWh battery storage system, currently under construction. The project operates under a Build, Own, Operate, Transfer (BOOT) model and is backed by a 25-year power purchase agreement with JSC National Electrical Grid of Uzbekistan.

Earlier this year, ACWA Power secured financing for the Riverside project, along with debt for its 100-MW Nukus 1 wind project. The company is also focusing on two additional solar parks with a total capacity of 1 GW and two battery systems of 334 MW each, as well as 500 kilometers of high-voltage transmission lines in Uzbekistan.

What key features and future plans accompany ACWA Power's Riverside solar project in Uzbekistan?

Key Features and Future Plans for ACWA Power's Riverside Solar Project in Uzbekistan

• Project Capacity and Efficiency: The Riverside project has an installed capacity of 200 MW, which marks a significant step in Uzbekistan's transition to renewable energy. This solar photovoltaic facility will contribute to decreasing reliance on fossil fuels in the region.
• Advanced Battery Storage: In addition to the solar capacity, the integrated 334-MW/550-MWh battery storage system is designed to enhance the reliability and efficiency of energy delivery, allowing for better management of supply and demand, especially during peak usage times.
• Sustainability Goals: ACWA Power is committed to sustainability and reducing carbon emissions. The Riverside project aligns with Uzbekistan's national targets for increasing renewable energy installations and achieving carbon neutrality.
• Economic Development: The project is expected to create numerous local jobs during construction and operations, contributing to the economic development of the Tashkent region and enhancing energy security for Uzbekistan.
• Infrastructure Expansion: As part of its future plans, ACWA Power is focusing on building two additional solar parks with a total capacity of 1 GW. This expansion is essential for meeting the country's growing energy needs and advancing its renewable energy agenda.
• Enhancement of Grid Connectivity: The construction of 500 kilometers of high-voltage transmission lines will facilitate the integration of the new renewable projects into the existing grid, ensuring that generated electricity can be efficiently transported to consumers.
• Long-term Investment Model: Operating under a Build, Own, Operate, Transfer (BOOT) model with a 25-year power purchase agreement reflects ACWA Power's commitment to long-term investment and stable returns, providing assurance to stakeholders and investors about the project's sustainability.
• Financing and Partnerships: The successful securing of financing for both the Riverside solar project and the Nukus 1 wind project highlights ACWA Power's robust financial strategy. Strategic partnerships will play a crucial role in scaling up renewable energy infrastructure in Uzbekistan.
• Future Innovation: ACWA Power is likely to explore innovative technologies, such as advanced photovoltaic systems and smart grid solutions, to enhance project efficiency and responsiveness to market demands as part of their ongoing commitment to energy innovation.
• Regulatory Support: The Uzbek government is actively supporting renewable energy initiatives, creating an enabling environment for projects like Riverside to flourish, which includes favorable policies and incentives aimed at attracting foreign investment.

Together, these features and plans position ACWA Power's Riverside project as a pivotal component of Uzbekistan's renewable energy landscape and contribute to regional sustainability targets.