Saudi Arabia's ACWA Power is making significant strides in the wind energy sector of Central Asia, with major projects underway in both Uzbekistan and Kazakhstan to boost renewable energy production.
When it comes to wind power in Central Asia, companies from the Persian Gulf have taken the lead. This week, Riyadh-based green energy company ACWA Power made the news in two countries in the region for it efforts in laying the ground for major projects to come. In Uzbekistan, President Shavkat Mirziyoyev p;How To Profit From Europe’s $800 Billion Energy Crisis The work there too will be done by ACWA Power.
Uzbekistan’s stated goal is to increase the share of renewable energy sources in its total electricity production to 25 percent by 2030. In 2022, the figure was 10 percent. The plan for the coming decade is to install solar power plants with a total capacity of 5,000 megawatts and wind power plants with a total capacity of 3,000 megawatts. On the wind front, most of the running is being done by ACWA Power and its Abu Dhabi-based peer Masdar.
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