BAKU, Azerbaijan, October 7. Uzbekistan and
Masdar discussed expanding cooperation in renewable energy and
accelerating the implementation of new investment projects during a
meeting in Tashkent on Oct. 6.
This was reflected in the statement by the Ministry of
Investment, Industry and Trade of Uzbekistan, following a meeting
between Uzbek Investment, Industry and Trade Minister Laziz
Kudratov and Abdullah Zayed, Masdar’s Executive Director for
Business and Project Development.
The sides reviewed the current state and prospects of
cooperation in the renewable energy sector, as well as the
implementation of new investment projects in Uzbekistan, according
to the Uzbek Ministry of Investment, Industry and Trade.
“Special attention was paid to accelerating the implementation
of projects in the field of solar energy and energy storage
systems, as well as developing new promising projects in these
areas,” the ministry said.
The discussions focused on speeding up projects in solar power
and energy storage, as well as identifying additional opportunities
for cooperation in these areas.
Masdar currently has nine renewable energy projects in
Uzbekistan, with a total investment volume of $4.2 billion and a
combined capacity of 4.8 GW.
Masdar’s portfolio reflects the growing role of international
investors in Uzbekistan’s renewable energy sector, particularly in
solar generation and energy storage. The meeting also provided an
opportunity to discuss potential new projects and ways to advance
practical cooperation, with both sides reaffirming their focus on
expanding renewable energy cooperation and ensuring progress on
investment projects in Uzbekistan.
