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Green technology

Uzbekistan Aims to Boost Renewable Energy Capacity

Strategic Insights

— 1 min read

Uzbekistan's government is set to implement a comprehensive energy policy that prioritizes the development of renewable energy sources. In line with the country's aim to increase solar capacity to 5 GW and wind capacity to 7 GW, the Uzbekistan government is working closely with private sector investors to bring multiple large-scale solar and wind power projects online. This collaborative approach is expected to set a precedent for future private sector investment in Uzbekistan's renewable energy sector.

Key Takeaways:

  • The Uzbekistan government aims to increase solar capacity to 5 GW and wind capacity to 7 GW.
  • The project is expected to create bankable precedents to catalyze further private sector participation in Uzbekistan's renewable energy sector.
  • The project will contribute to ADB's Strategy 2030 by tackling climate change and enhancing environmental sustainability.
  • The project will also align with the Uzbekistan Country Partnership Strategy 2019-2023 by promoting the use of renewable energy sources and improving energy security.
  • The project is classified as category B for environment due to potential site-specific impacts on surface water, groundwater, visual and landscape, biodiversity, soil quality, noise, and air quality.
  • Mitigation measures have been designed to address these identified impacts and risks.
  • The project will foster reliable energy supply to improve energy security and promote the use of renewable energy sources.

Statistics:

  • Uzbekistan aims to increase solar capacity to 5 GW by the end of the project.
  • Wind capacity is expected to reach 7 GW by the project's completion.
  • The project will contribute to ADB's Strategy 2030, tackling climate change and enhancing environmental sustainability.
  • The project will align with the Uzbekistan Country Partnership Strategy 2019-2023, promoting the use of renewable energy sources and improving energy security.

Sources:

  • ADB's Strategy 2030.
  • "Uzbekistan Country Partnership Strategy 2019-2023".
  • The Asian Development Bank (Adb), Private Sector Operations Department, Infrastructure Finance Division 1.

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