Masdar Signs Landmark Agreement to Develop Uzbekistan''s
In October, the company broke ground on the world''s first gigascale 24/7 solar and battery storage project in Abu Dhabi — a 5.2GW solar plant integrated with a 19GWh BESS, capable
ADB said it will be one of the first utility-scale renewable energy projects with a battery energy storage system (BESS) component in Uzbekistan. It follows the announcement of the county's first BESS in May 2024 and the connection of the first phase of a 511 MW solar project in March of this year.
Tashkent, Uzbekistan, May 21, 2024 — The World Bank Group,Abu Dhabi Future Energy Company PJSC (Masdar), and the Government of Uzbekistan have signed a financial package to fund a 250-megawatt (MW) solar photovoltaic plant with a 63-MW battery energy storage system (BESS).
The government says green energy generation will reach 23 billion kilowatt-hours, enough to cover the entire annual consumption of the country's population. The announcement came from President Shavkat Mirziyoyev as he launched dozens of new renewable and grid projects at the forum "Powering the Future: Sustainable Energy for New Uzbekistan."
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.
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