The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

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

By Simon Yuen
LinkedIn
Twitter
Reddit
Facebook
Email

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

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 Energy-Storage.news version by Andy Colthorpe.

Read Next

Premium
March 1, 2024
Italy grid-scale energy storage market opportunities unlike anywhere else, but many challenges and uncertainties around the different revenue streams remain, including the upcoming MACSE capacity market auction.
February 28, 2024
Masdar Arlington Energy, Renewable Power Capital and TagEnergy have broken ground on, acquired and financed projects UK battery energy storage system (BESS) projects totalling 162MW of power.
February 26, 2024
Sunrun has published its 2023 full-year results, revealing the company deployed 1.01GW of new solar in the year.
February 26, 2024
The largest battery storage facility in India is now online and was visited last week by the country’s Prime Minister, Narendra Modi.
February 23, 2024
The Q1 2024 edition of our downstream solar PV and energy storage journal, PV Tech Power, is now available to download.

Most Popular

Email Newsletter