Will Uzbekistan have a battery energy storage system?

ADB said it will be one of the first utility-scale renewable energy projects with a battery energy storage system (BESS) component in Uzbekistan. It follows the announcement of the county’s first BESS in May 2024 and the connection of the first phase of a 511 MW solar project in March of this year.

What is the Uzbekistan energy project?

7. The Project builds on the World Bank energy program in Uzbekistan by scaling up the private investment and commercial financing, diversification of power mix from domestic resources (solar), clean energy transition and decarbonization.

Why is Uzbekistan so energy-intensive?

Uzbekistan remains one of the most energy-intensive economies in the world. Energy use is largely based on fossil fuels, although the country has significant RE potential in solar and wind. Natural gas makes up to 83 percent of total primary energy consumption and more than 80 percent of the electricity mix.

Will Voltalia build a 126MW solar PV project in Uzbekistan?

Voltalia has started building a 126MW solar PV project in Uzbekistan, to which it will add a 100MWh BESS with plans to build one 10x larger.

How have structural reforms impacted Uzbekistan's economy?

Structural reforms and effective economic management thus far have helped maintain macroeconomic stability and an environment to further accelerate market transition through the next phase of structural reforms. Over the past decade, Uzbekistan has maintained high and stable economic growth at 5.8 percent on average.

Does Uzbekistan have a strong economy?

As a result, notwithstanding the COVID-19 pandemic, Uzbekistan has maintained an economic growth of 2.0 percent in 2020 and a further growth rebound of 7.4 percent in 2021. Economic growth in 2022 moderated to 5.7 percent led by strong remittances, consumption, and exports.