Uzbekistan Opens First Utility-Scale Solar & Battery Project
Uzbekistan''s President inaugurates country''s first utility-scale solar and battery storage project with Masdar, plus new BESS and wind deals.
7. The Project builds on the World Bank energy program in Uzbekistan by scaling up the private investment and commercial financing, diversification of power mix from domestic resources (solar), clean energy transition and decarbonization.
The project company is committed to selling electricity to the state-owned National Electric Grid of Uzbekistan JSC under a 25-year Power Purchase Agreement for the project, including a 10-year operating term for the BESS component, signed by these two entities.
Uzbekistan remains one of the most energy-intensive economies in the world. Energy use is largely based on fossil fuels, although the country has significant RE potential in solar and wind. Natural gas makes up to 83 percent of total primary energy consumption and more than 80 percent of the electricity mix.
Additionally, in May 2022, Uzbekistan joined the Global Methane Pledge initiative to achieve a collective goal of reducing methane emissions by at least 30 percent by 2030 compared with the 2020 level. 4. Uzbekistan remains one of the most energy-intensive economies in the world.
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