National Committee on Ecology and Climate Change of the Republic of Uzbekistan

The document was signed by Aziz Abdukhakimov, Adviser to the President of the Republic of Uzbekistan and Chairman of the National Committee on Ecology and Climate Change, and Mohammad Abdullah Abunayyan, Founder and Chairman of the Board of Directors of ACWA Power.

The Memorandum aims to strengthen cooperation on the application of the mechanisms established under the Paris Agreement, including international cooperation to reduce greenhouse gas emissions, develop carbon markets and advance sustainable development goals.

Under the agreement, the parties intend to explore opportunities for ACWA Power’s projects in Uzbekistan to participate in international carbon market mechanisms. These include the Bash, Jankeldy and Kungrad wind power projects, the latter incorporating a battery energy storage system, as well as the Karatau project.

Particular attention will be given to assessing the projects’ compliance with the requirements of the Paris Agreement, examining approval and registration procedures, and exploring opportunities for generating, transferring and using carbon credits and emission reduction outcomes.

The Memorandum also provides for technical and regulatory cooperation, the exchange of expertise and knowledge on carbon markets, improvements to monitoring, reporting and verification (MRV) systems and capacity-building activities.

Another area of cooperation will focus on strengthening the climate resilience of renewable energy facilities and energy infrastructure. In particular, the parties plan to exchange information on climate risk assessments for wind farms and energy storage systems, including risks associated with extreme temperatures, dust and sandstorms, as well as the use of climate information and early warning systems.

The signing of the Memorandum marks an important step in advancing cooperation between Uzbekistan and ACWA Power on international climate action, expanding the country’s opportunities to participate in carbon markets and harnessing the potential of renewable energy to achieve national climate targets.