Saudi Arabia’s ACWA Power to build 2 GW energy storage systems in Uzbekistan

Saudi-based ACWA Power has signed an agreement with Uzbekistan’s Ministry of Energy to construct energy storage systems with a total capacity of 2,000 MW across the country.

The announcement was made during the COP-29 conference in Baku, underscoring Uzbekistan’s commitment to advancing its renewable energy infrastructure.

The project, estimated at $1.1 billion, will involve a nationwide assessment of the energy system to identify optimal regions for implementing energy storage solutions in phases.

The initiative is expected to create over 1,000 jobs during its development.

The energy storage systems aim to enhance Uzbekistan’s power grid stability and support its transition to a greener energy future.