Masdar Plans to Develop 2GW Wind Farm and Battery Energy Storage Capacity in Uzbekistan

The Government of Uzbekistan and the UAE energy company Masdar have signed an implementation agreement for the construction of a 2000 MW wind farm. The new agreement also includes the deployment of 1150 MWh of battery energy storage capacity across five Masdar projects in the country.

The 2 GW wind farm will produce enough electricity to power around 1 million homes. The project will reduce 4 million metric tons of CO2 emissions annually. The deal was signed during the ceremony marking the connection of 1400 MW of Masdar’s clean energy to Uzbekistan’s power grid. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, joined President Mirziyoyev on stage during the grid connection ceremony.

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The projects connected to the grid include the Zarafshan wind farm and three solar projects located in Jizzakh, Samarkand, and Sherabad, which are the largest solar power projects in the region.

Masdar has invested around USD 4 billion in Uzbekistan. During his remarks, the President emphasized the unique partnership between the Republic of Uzbekistan and the United Arab Emirates, which has been in place for a long time and focuses on the development and investment in renewable energy throughout the country.

Last year, Masdar was awarded the Bukhara solar PV project. The project has a 250 MW solar capacity and a 126 MWH battery energy storage system. Furthermore, in June this year, Masdar was awarded the country’s Guzar Solar PV project with a capacity of 300 MW and 75 MWh storage capacity.

About Uzbekistan’s Wind and Solar PV Market

Uzbekistan's wind and solar PV market, once a niche player, is undergoing a transformation. The market has enormous growth potential thanks to ambitious renewable energy targets, supportive government policies, and rising investor interest. While hydropower currently dominates the renewable landscape, wind and solar offer immense potential to diversify the energy mix, enhance energy security, and attract foreign investments. Some of the Key drivers include:

Growing Energy Demand

Uzbekistan's rapidly growing economy is driving a surge in electricity demand. Renewables offer a sustainable solution to address this demand while reducing reliance on fossil fuels.

Favorable Resource Potential

The country boasts abundant sunshine and wind resources, particularly in the Kyzylkum Desert, which is ideal for large-scale solar and wind farms.

Decarbonization Push

Uzbekistan has committed to ambitious climate goals, aligning with the global shift towards clean energy. Developing wind and solar PV is crucial for achieving these goals.

Uzbekistan's wind and solar PV market presents a compelling investment opportunity. With supportive policies, increasing demand, and growing private sector participation, the market is expected to witness rapid expansion in the coming years.

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