The Uzbek President has inaugurated the 500 MW Zarafshan wind power plant, located in the Navoiy region of Uzbekistan and developed by the Emirati renewable company Masdar. Masdar had reached financial close on the project in 2022. The wind park will be able to power 500,000 households and reduce carbon emissions by 1.1 MtCO2/year.
Masdar has committed to invest US$2bn in renewable energy projects in Uzbekistan that will have a total capacity of more than 2 GW. In November 2024, Masdar signed an agreement with the Uzbek Ministry of Energy to develop a 1 GW wind power project in the Mingbulak region of eastern Uzbekistan. In addition, the group has a pipeline of 4 GW of renewables projects in the early stages of development in the country.
Uzbekistan aims to reach 27 GW of renewable energy capacity and 40% of electricity production from renewables by 2030.
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