Acwa Power approved as preferred bidder of Uzbekistan wind project

Acwa Power approved as preferred bidder of Uzbekistan wind project

12 Oct 2021

Saudi Arabia’s Acwa Power has been approved as the preferred bidder of the 100MW Qorao’zak wind project in the Karakalpakstan region of Uzbekistan

Saudi Arabia’s Acwa Power has been approved as the preferred bidder of the 100MW Qorao’zak wind project in the Karakalpakstan region of Uzbekistan.

Acwa Power had submitted a bid of $25.65/MWh in Uzbekistan’s wind tender. The Saudi developer saw off competition from UAE-based Masdar and France’s Voltalia, which had submitted bids of $26.55/MWh and $32.79/MWh respectively.

The bids were opened on 16 September.

The project is part of Uzbekistan’s target to develop significant wind and solar capacity by 2030. The country’s energy ministry had set a target of developing 3GW of wind capacity by 2030, however this target is expected to be increased to 5GW in the next review of the long-term development plan.

Uzbekistan is set to increase its 2030 target for solar energy from 5GW to 7GW.

While the Qorao’zak project marks Uzbekistan’s first wind tender, Acwa Power has already agreed to develop significant wind capacity in the country through direct negotiations.

In May, Acwa Power signed the implementation agreement with the Uzbekistan Ministry of Energy for a planned 1,500MW wind farm in the Karakalpakstan area of Uzbekistan.

arlier in 2021, Acwa Power concluded agreements for two wind power projects in Bukhara and Navoi, which will have a combined total power capacity of 1,000MW.

Want more Energy & Utilities insight?

Whitepaper: GCC energy transition, by Frost & Sullivan

Get insight and analysis on the investments required in transmission and distribution (T&D) infrastructure and technologies to ensure that GCC power sectors are equipped to deliver some of the world's most ambitious clean energy programmes.

E&U Podcast

Subscribe to our Market Talk podcast for the latest on the key issues and trends in the energy and utilities sector

List your business

Create a business listing on the Energy & Utilities markeplace

Sign up for the FREE Energy newsletter

The latest news and analysis sent to your inbox.

Drop Us A Message
I have read, understood and consent to your Privacy Policy