Acwa Power has signed the power purchase agreements (PPAs) and investment agreements (IAs) with the government of the Republic of Uzbekistan to develop the 1.5 GW Kungrad wind farm in the republic of Karakalpakstan, Uzbekistan.
The wind farm shall comprise of three 500MW wind power projects owned by 3 subsidiaries, namely Acwa Power Kungrad Wind 1 LLC FE, ACWA Power Kungrad Wind 2 LLC FE and Acwa Power Kungrad Wind 3 LLC FE. Each of the 3 projects will also incorporate a 100MW capacity battery energy storage system. The project is expected to achieve financial close by 2024 and will be fully commissioned in 2027. When complete, the facility is expected to power 1.65 million households.
