Giant steppes | Saudi Arabia's ACWA flags $2.4bn deal for 'Central Asia's largest wind farm'

Saudi Arabia’s ACWA Power expects to agree a $2.4bn deal with the government of Uzbekistan paving the way for a 1.5GW onshore wind farm in the Central Asian nation.

The Saudi developer told investors it plans to sign a heads of terms agreement on Wednesday with the Uzbek energy ministry over the project in Karakalpakstan, which it claimed would be the region’s largest single-site wind farm when commissioned by the first quarter of 2026.