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ACWA Power invests $1.5bn in Kazakh BESS-wind project


March 9, 2023: Saudi power sector investor and developer ACWA Energy mentioned on March 2 it is going to lead a challenge to construct a 1GW wind power and BESS plant in Kazakhstan.

The challenge, in partnership with Kazakhstan’s power ministry and the nation’s Samruk-Kazyna sovereign wealth fund, marks ACWA’s entry into the Kazakh market with an preliminary funding of US$1.5 billion.

ACWA mentioned that every one events have signed a head of settlement for the challenge, which is scheduled to be accomplished in 2027 and can help the growth of the usage of renewable power within the nation.

In October 2021, ACWA introduced that it had employed Chinese language corporations Huawei and SEPCO3 to put in what it mentioned can be the world’s largest power storage system, close to a pilot ‘good metropolis’ to be inbuilt coast of the Crimson Sea. in Saudi Arabia by 2025.

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