Masdar to develop 2GW renewables, 500MWh battery storage with Uzbekistan government

UAE state-owned renewable energy developer Masdar has signed a joint development agreement (JDA) with the Uzbekistan government to develop more than 2GW of solar and wind projects.

The agreement is part of Masdar’s effort to grow its presence in Uzbekistan. In addition to the wind and solar projects, the agreement included 500MWh of battery energy storage at multiple sites in the Central Asian country.

According to Masdar, Uzbekistan plans to achieve 7GW of solar and 5GW of wind capacity by the end of the decade, equivalent to 25% of its energy mix.

The Central Asian country has been working with Masdar since 2019. It reached financial close on three PV facilities in Uzbekistan with a combined capacity of approximately 877MW in April. The projects will be under construction in the first half of this year and are expected to begin operations in 2024.

Another Middle East-headquartered energy solutions provider, Saudi Arabi-headquartered power producer ACWA Power, signed agreements earlier this year with Uzbekistan’s government for a deal that includes energy storage as well as renewables. That agreement comprised two solar PV plants adding up to 1,400MW generation capacity and three energy storage projects of 400MW.

Disclaimer:

1. Some articles and pictures come from the Internet;

2. Due to editing needs, there is no necessary connection between the text and the picture. It is only for readers' reference, and does not represent the views of the platform, nor does it constitute investment advice or decision-making advice, nor does it provide material for any user transaction.

3. All articles, pictures, audio and video files reproduced by us are copyrighted to the original owner. Because the contents of non-original articles and pictures cannot be contacted by the copyright owner. Avoid causing unnecessary economic losses or copyright disputes to both parties;

4. If this website infringes the intellectual property rights of media or individuals unintentionally, please contact us within 30 days after the publication of the article. We will delete the content as soon as possible, thank you.