By Year's End, Uzbekistan To Generate Circa 4 Gw From Renewable Energy - Deputy Minister

( MENAFN - Trend News Agency) BAKU, Azerbaijan, November 12. Generation fromrenewable sources will reach nearly four gigawatts by the end ofthis year in Uzbekistan, the Deputy energy Minister of UzbekistanSharofiddinov Fazliddin said during a ministerial dialog on“Scaling up investment for Tripling Renewables and Doubling EnergyEfficiency," Trend reports. “To achieve 40 percent renewable energy (RE) production by 2030,the country has already contributed and raised nearly $5 billion.

Last year, the renewable energy generation capacity was 1.5gigawatts, and by the end of this year, renewable energy generationwill reach almost 4 gigawatts. Uzbekistan ranks second amongCentral Asian countries in electricity generation after Kazakhstan.



Almost 85 percent of electricity comes from fossil fuels andnuclear gas, and by the end of this year, we plan to generatenearly 10 percent of the total electricity from renewablesources. Also in one month, we will commission Uzbekistan's first energystorage system with a capacity of 300 megawatts, which will serveto support grid stability and balancing. To achieve these goals, weare working with renowned companies from the United Arab Emirates,Saudi Arabia, and China, which are investing in the development anddeployment of renewable energy capacity through agreements.

Our President adopted a special presidential decree last monthto support and attract investments in renewable energy, whichprovides for customs privileges, tax policies, subsidies, and landtax exemption. All these efforts will help to introduce renewableenergy sources and achieve all the goals and objectives for theirdevelopment,” the deputy minister said. MENAFN12112024000187011040ID1108875536 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind.

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