Saudi-listed ACWA Power has broken ground on the first phase of a 3,000-tpy green H₂ project in Uzbekistan. The project was inaugurated by Shavkat Mirziyoyev, President of Uzbekistan, and His Excellency Khalid Al Falih, Minister of Investment, Saudi Arabia. The event was attended by the prime minister Mr. Abdulla Nigmatovich Aripov, the Ministry of Finance, governor of Syrdarya region, and Uztransgaz Chairman, and Mr. Mohammad Abunayyan, Founder and Chairman, ACWA Power.

“We are honored that the leadership of Uzbekistan has bestowed their trust in our capabilities to develop the country’s first green H₂ project. This marks a significant milestone in the history of Uzbekistan's energy revolution, and ACWA Power is honored to be leading the charge. I would like to extend my gratitude to all those who have contributed to the success of these projects and reaffirm our enduring commitment to continue our collaboration and investment in Uzbekistan's bright, sustainable future,” said Mohammad Abunayyan, Founder and Chairman of the Board of Directors, ACWA Power.

“We are witnessing the fruits of our collective labor, and it is a testament to the endless possibilities that emerge when vision meets determination. ACWA Power remains committed to driving sustainable development, creating jobs, and developing future talent as well as fostering long-term economic prosperity while prioritizing environmental stewardship,” Mohammad A. Abunayyan, Chairman of the Board of Directors, ACWA Power.

The project will be developed in two phases. The first phase, a 3,000 t green ammonia pilot project, is already underway following the signing of the H₂ purchase and power purchase agreements in May 2023. Once the second phase is complete, 2.4 GW of wind energy will power the production of 500,000 tpy of green ammonia.

When completed in full, this will be ACWA Power’s second utility-scale green H₂ project after the NEOM Green H₂ Project in Saudi Arabia, which is a joint venture between ACWA Power, NEOM and Air Products.

Uzbekistan is ACWA Power's second-largest market in terms of investments, underscoring the company's long-standing commitment to the country with a portfolio including 12 projects, 11 of which are fully-renewable.