By Year's End, Uzbekistan To Generate Circa 4 Gw From Renewable Energy - Deputy Minister
Date
11/12/2024 5:15:19 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 12. Generation from
renewable sources will reach nearly four gigawatts by the end of
this year in Uzbekistan, the Deputy energy Minister of Uzbekistan
Sharofiddinov Fazliddin said during a ministerial dialog on
“Scaling up investment for Tripling Renewables and Doubling Energy
Efficiency," 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 1.5
gigawatts, and by the end of this year, renewable energy generation
will reach almost 4 gigawatts. Uzbekistan ranks second among
Central Asian countries in electricity generation after Kazakhstan.
Almost 85 percent of electricity comes from fossil fuels and
nuclear gas, and by the end of this year, we plan to generate
nearly 10 percent of the total electricity from renewable
sources.
Also in one month, we will commission Uzbekistan's first energy
storage system with a capacity of 300 megawatts, which will serve
to support grid stability and balancing. To achieve these goals, we
are working with renowned companies from the United Arab Emirates,
Saudi Arabia, and China, which are investing in the development and
deployment of renewable energy capacity through agreements.
Our President adopted a special presidential decree last month
to support and attract investments in renewable energy, which
provides for customs privileges, tax policies, subsidies, and land
tax exemption. All these efforts will help to introduce renewable
energy sources and achieve all the goals and objectives for their
development,” the deputy minister said.
MENAFN12112024000187011040ID1108875536
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.