ACWA Power reached a binding performance agreement with Uzbek Ministry of Energy to develop up to 2GW/hour of standalone battery energy storage systems capacity (BESS) across the country.
In an emailed statement to Argaam, the utility said that the agreement is valid for two years and may be extended by mutual consent.
Under the agreement, ACWA Power receives contractual priority for 2 GWh of new BESS capacity in Uzbekistan, allowing the company to offer competitive tariffs.
The two parties will collaborate on feasibility studies to identify optimal locations for BESS projects.
The agreement was signed on the sidelines of the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, with both parties reaffirming their commitment to advancing renewable energy technologies and reducing carbon emissions.
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