Saudi Arabian energy company Acwa Power has signed a binding implementation agreement with Uzbekistan’s energy ministry to develop up to 2GWh of standalone battery energy storage systems (BESS) across the country.
The agreement was signed on the sidelines of the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan.
The agreement follows a memorandum of understanding signed between Acwa Power and the ministry in May 2024.
Under the agreement, Acwa Power receives contractual priority for 2GWh of new BESS capacity in Uzbekistan. The agreement is valid for two years and may be extended by mutual consent. Both parties will collaborate on feasibility studies to identify optimal BESS locations.
Raad Al Saady, vice chairman and managing director of Acwa Power, said: “This agreement marks a key milestone in the evolution of our ongoing partnership with Uzbekistan.” It claims to be the largest investor in Uzbekistan’s energy sector, with over 13GW of projects under development.
In addition to BESS, solar and wind projects, Acwa also promotes fossil-fuel ones, including coal, oil and gas.
