TASHKENT, Uzbekistan, January 16. Uzbekistan
will construct a 300-MW solar photovoltaic power plant combined
with a 75-MWh battery energy storage system (BESS) in the country’s
Kashkadarya region, Trend reports via the Ministry of Energy of
Uzbekistan.
The financing agreement for the project was formalized during
the Abu Dhabi Sustainability Week 2026, held in Abu Dhabi. This
initiative will be executed within the framework of a
public-private partnership (PPP), with the UAE-based renewable
energy company Masdar playing a key role in its development.
The signing ceremony was attended by officials, including
Uzbekistan’s Deputy Prime Minister Jamshid Khodjaev, Minister of
Energy Zhurabek Mirzamakhmudov, and senior representatives from
relevant ministries and sectoral organizations.
Upon commissioning, the project is projected to reduce
approximately 280,000 tons of harmful emissions annually, conserve
around 231 million cubic meters of natural gas each year, and
provide electricity to an estimated 280,000 households.
The Guzar solar project is an integral component of Masdar’s
expanding renewable energy portfolio in Uzbekistan, which
collectively boasts an installed capacity nearing 2 GW.
To date, total investments in this sector have surpassed $2
billion.
Meanwhile, under the project’s financing framework, the Asian
Development Bank and Masdar have agreed on a $30 million financing
package, while the overall financing package arranged by the
European Bank for Reconstruction and Development amounts to up to
$195.5 million.
