ACWA Power Signs Heads of Terms Agreement for $2.4 billion Wind Project

ACWA Power Co. intends to sign today the Heads of Terms agreement with Uzbekistan’s Ministry of Energy and Ministry of Investment & Foreign Trade for a 1500MW wind project, located in Karakalpakstan, Uzbekistan. The contract value is BUSD2.4
The agreement is valued at c.US$2.4billion, the project is expected to achieve financial close by the end of 2023 and be fully commissioned by the first quarter of 2026.
Once complete, this project would be the biggest single-site onshore wind project in the region and the world and will contribute 19% to Uzbekistan’s overall renewable energy goals…