Masdar to develop solar & battery storage projects in Uzbekistan
20 May 2023
Abu Dhabi Future Energy Company (Masdar) has signed a Joint Development Agreement (JDA) with Uzbekistan’s Ministry of Energy (MoE) and the Ministry of Investments, Industry and Trade (MIIT) to develop over 2 gigawatts (GW) of solar and wind projects and 500 megawatt-hours (MWh) of battery energy storage at multiple sites across the Central Asian country.
The development represents deepening relations between the UAE’s clean energy powerhouse and Uzbekistan, which aims to achieve 25 percent of its energy mix from renewables by 2030.
The Central Asian nation, abundant in wind and sunshine, is a key strategic destination for Masdar. Uzbekistan plans to achieve 7 GW of solar and 5 GW of wind capacity by the end of the decade.
The agreement was jointly signed in Uzbekistan by Mr. Azim Akhmedkhadjaev, First Deputy Minister of Energy of the Republic of Uzbekistan, Mr. Sarvar Khamidov, Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan, and Mr. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar.
“We are making history together in Uzbekistan. Our agreement to develop 2 GW of solar and expand into 500 MWh of battery storage, marks an exciting new chapter in Masdar and Uzbekistan’s shared journey. Uzbekistan is a key partner, and Masdar is proud to support its ambitious renewable energy goals.”
Masdar has been active in Uzbekistan since 2019, with the 100 MW Nur Navoi Solar Project, which is the nation’s first successfully financed independent power producer solar project. The plant has been operational since 2021.
Masdar’s growing portfolio in Uzbekistan includes the largest wind farm in Central Asia, the 500 MW capacity Zarafshan plant. Last month, Masdar reached financial close on three solar projects in Jizzakh, Samarkand and Sherabad, which have a combined capacity of around 900 megawatts, making it the largest solar development program in Central Asia. Once fully operational, the projects will generate enough electricity to power over one million homes, while displacing around one million tons of carbon dioxide annually.
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