The Energy Storage Report 2024

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

By Simon Yuen

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.

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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.

To read the full version of this story, visit PV Tech, where it first appeared.

Additional reporting for this version by Andy Colthorpe.

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