Why is this important
The project combines renewable energy generation and energy storage — this will reduce the risks of disruptions, increase the reliability of energy supply, and help Uzbekistan achieve the target of 54% “green” energy in the energy balance by 2030.
What happened
- in the Karauzyak district of Karakalpakstan, a 200 MW wind power plant and a 100 MW storage system will be built;
- expected generation – 727.9 thousand. MW·h per year, emission reduction – 406.1 thousand tons of CO2;
- more than 200 jobs will appear at the construction and operation stage;
- A $51 million loan package was signed in Tashkent: 25.4 million from ADB resources and 25.4 million from Leading Asia’s Private Infrastructure Fund;
- AIIB, FMO, Standard Chartered and Saudi EXIM also participate in financing;
- The ADB provided a $7.5 million loan guarantee to reduce risks and tariffs.
Context
Uzbekistan plans to increase the capacity of renewable energy sources to 25 GW by 2030 and reduce the carbon intensity of the economy by 35%. CWA Power is already implementing a number of solar and wind parks in Uzbekistan, including major projects in Bukhara and Navoi. The Karakalpakstan Development Strategy until 2035 prioritizes “green” energy – the Nukus-2 project has become a key element of this plan.
