Marketwatch: Uzbekistan storage set to boom due
The projects include Sazagan 1 and 2 located in Samarkand – each consists of 500MW of solar and 334MW of battery energy storage.
By 2030, Uzbekistan aims to source over 40% of its electricity from renewables, demonstrating its commitment to sustainability. The plan also includes advancing energy storage, with a 300 MW lithium-ion system debuting in 2024 and a goal of 4.2 GW storage capacity by 2030. The Role of Energy Storage in Renewable Energy
Many of the new projects involve international companies from Saudi Arabia, Turkiye, the UAE, China, France and Qatar. Saudi Arabia's ACWA Power remains one of the most active investors. "Uzbekistan's energy mix is becoming greener every year," said Jon Zaidi, the company's Country Head.
Uzbekistan is capable of meeting its energy needs from its own energy resources. Uzbekistan owns a significant part of the installed capacity of the united power system of Central Asia.
In Uzbekistan, the energy sector is concentrated in the hands of two monopolies, Uzbekenergo and Uzbekneftegaz, with mineral resources and rare-earth minerals concentrated at metallurgy plants, which the government intends to upgrade through a number of sponsored programmes, and with the active assistance of foreign contractors and suppliers.
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