Masdar, a global leader in renewable energy, has announced plans to double its investments in Uzbekistan’s energy sector, increasing its total commitment from $2 bn to $4 bn over the coming years. This expansion aims to support the country’s push towards sustainable energy development and is expected to significantly boost Uzbekistan’s renewable energy capacity.
In an interview with Uzbekiston 24 TV, Abdullah Zayed, Masdar’s Business Development and Project Director, highlighted the company’s substantial achievements in Uzbekistan. Currently, Masdar’s renewable energy projects provide 1.5 gigawatts of energy to the country, with an additional 0.5 gigawatts under construction. The company is working to reach a total of 4 gigawatts, which will supply power to more households and contribute to Uzbekistan’s growing green energy production.
Masdar is already active in several key projects across the country, including a wind power station in Zarafshan and solar power plants in Karmana and Galaaraal. The company is also constructing new photovoltaic stations in the Bukhara and Kashkadarya regions.
One of the most significant developments is the recent agreement signed at the COP29 climate conference in Baku in November 2024. The agreement calls for the construction of a 1,000-megawatt wind power station in the Uchquduq district of Navoi region. This project will generate 3.5 billion kilowatt-hours of electricity annually, saving 1 billion cubic meters of natural gas and cutting emissions by 1.4 million tons per year.
Looking ahead, Masdar plans to further diversify its energy portfolio by investing in energy storage facilities and hydroelectric power plants. Abdullah Zayed expressed the company’s commitment to strengthening its position in Uzbekistan and fostering long-term cooperation with the government, which has been actively supporting the development of green energy.
“We already provide energy to more than 1 million households, and our goal is to double this number,” Zayed stated, underscoring the company’s ambitious plans for growth.
Masdar’s efforts align with Uzbekistan’s broader renewable energy goals, which include increasing the country’s renewable energy capacity to over 20 gigawatts by 2030, accounting for approximately 40% of the total energy mix.
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