On the sidelines of the First Samarkand International Climate Forum, Uzbekistan took a step toward its green economy ambitions by signing several key investment agreements in the renewable energy sector.
The Ministry of Investment, Industry, and Trade (MIIT) finalized an Investment Agreement with SANY Renewables International Investment for the construction of a 1,000 MW wind power plant in the Republic of Karakalpakstan.
In addition, an Investment Agreement was signed with China Electrical Equipment International Company Limited to develop a 500 MW solar power plant in the Farish district of the Jizzakh region. The plant is aimed at increasing solar generation capacity and reducing dependence on fossil fuels.
These agreements align with Uzbekistan’s broader strategy to expand renewable energy infrastructure, reduce carbon emissions, and attract foreign investment in sustainable development.
Officials emphasized that these projects will create new jobs, boost local economies, and enhance the country's long-term energy security. They are also in line with the government’s targets to generate 25% of electricity from renewable sources by 2030.
The Samarkand International Climate Forum serves as a platform for dialogue and cooperation on climate change, with participants from governments, international organizations, and the private sector coming together to support climate resilience and sustainable development in Central Asia.
Uzbekistan is stepping up efforts to boost energy efficiency through decentralized renewable energy projects. The country plans to install 100-megawatt solar power stations across 300 neighborhoods, aiming to save 45mn cubic meters of natural gas this year. Additionally, more than 1,000 micro-hydropower plants will be set up along waterways, expected to produce 175mn kilowatt hours of electricity. Switching streetlights to solar power could reduce electricity use in the sector by 50%.
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