ACWA Power 1.5 GW Wind Plant

ACWA Power-Uzbekistan agreement signing ceremony. Credit: ACWAPower.

Saudi energy company ACWA is developing the 1.5 GW Kungrad wind farm in the republic of Karakalpakstan, Uzbekistan. The wind farm will comprise of three 500MW wind power projects. Regarded as the largest single-site wind farm in Central Asia to date, and one of the largest of its kind in the world, the wind farm is expected to reach an investment value of USD 2.4 billion. Kungrad is expected to offset 2.4 million tonnes of carbon emissions per year. The agreement was outlined in August 2022, and further developed into the power purchase and investment agreements that were finalized earlier this year. It’s a deal between ACWA Power and Uzbekistan’s Ministry of Energy and Ministry of Investment & Foreign Trade.