Uzbek president Shavkat Mirziyoyev
Central Asia taps Saudi funds for renewables push
Saudi Arabia’s Acwa Power makes inroads in Central Asia through investment in renewables and green hydrogen
Uzbekistan’s President Shavkat Mirziyoyev beat the increasingly well-trodden path to Saudi Arabia in mid-August, following in the footsteps of his Kazakh counterpart three weeks earlier. While Western leaders seek the kingdom’s oil, the Central Asian states—which have hydrocarbons aplenty—are looking to tap its deepening reserves of capital to fund the buildout of renewables. The headline deals struck during Mirziyoyev’s visit called for Acwa Power—whose largest shareholder is Riyadh’s Public Investment Fund (PIF) sovereign wealth vehicle—to develop the country’s largest wind farm and explore additional co-investment in the renewables and green hydrogen space. Shortly afterwards, a senior co
Also in this section
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
