ACWA Power secures $226M to fund Uzbekistan's renewable energy push

What's the deal? Saudi Arabia-based ACWA PowerDealroom has a profile for this one. Try Dealroom → has secured $226 million in international financing to support renewable energy and energy transition projects in Uzbekistan. The funding will help accelerate the Central Asian country's shift toward cleaner power generation.

Why now? Uzbekistan has been aggressively courting foreign investment to modernise its energy infrastructure and reduce its dependence on fossil fuels. The country has set ambitious renewable energy targets, and ACWA Power — one of the region's largest developers of power generation and desalination plants — has been a key partner in that effort.

The signal: ACWA Power, classified as a late-growth-stage company on Dealroom, has steadily expanded its footprint beyond the Gulf, and this $226 million financing package highlights how Central Asia is becoming a serious destination for international renewable energy capital. Uzbekistan's willingness to partner with large-scale developers like ACWA Power suggests a replicable model for other fossil-fuel-dependent emerging markets seeking to fast-track their energy transitions.

Read more: solarquarter.com