Saudi Arabia has promised as much as $14 billion in investments in Uzbekistan, with $12 billion earmarked to address ongoing energy shortages. Saudi firm ACWA Power is set to build the world’s largest wind farm in Karakalpakstan, Uzbekistan. ACWA Power has already begun building two smaller wind farms in the Bukhara region. Uzbekistan’s president has returned from a trip to Saudi Arabia with $14 billion in promised investments, his office says. Of that, $12 billion is earmarked to address chronic energy shortages. The agreements include a pledge for Saudi firm ACWA Power to build a 1.5 GW wind farm in Karakalpakstan. Uzbekistan’s Energy Ministry says it will be the world’s largest and will power 1.65 million homes. ACWA Power has already begun building two smaller wind farms in the Bukhara region. This is welcome news to Uzbeks still sweating their way through a season of shortages. With rising summer […]