Uzbekistan will increase investments in green energy development, which can be a solution to many problems.
Development and economic growth lead to an increased demand for energy. Therefore, in a context where traditional energy sources are depleting, the importance and relevance of renewable energy sources in people's lives and activities are growing.
It is in this direction that the number of investment projects aimed at providing the population of Uzbekistan with high-quality and uninterrupted energy is increasing, Nova24.uz reports.
With the aim of further developing green energy, Uzbekistan has already signed investment agreements worth $9 billion.
Over the past 4-5 years, Uzbekistan has concluded 21 cooperation agreements with international companies for the construction of solar and wind power plants with a total capacity of 7,047 megawatts, as well as 5 contracts for the transportation of generated electricity for its own needs with a total capacity of 2,030 megawatts.
In order to ensure the implementation of these projects, President Mirziyoyev of Uzbekistan has signed 15 decrees. All these projects are being implemented through direct investments from foreign companies.
Uzbekistan is also developing the use of renewable energy sources. One of the main challenges in using renewable energy sources is the storage and transmission of the generated energy. It is advisable to rely on investments to find solutions to such issues, develop green energy, and introduce innovations into the industry, according to the authorities of Uzbekistan.
In Uzbekistan, as a result of active attraction of investments for the prospects of green energy and financing from the state budget, relatively inexpensive and environmentally friendly additional sources of energy are being created.
Thanks to this, there is a gradual normalization of the overall energy load through alternative energy sources. Alternative energy sources can become a solution to most problems in the industry. However, even to deliver it to consumers, sophisticated infrastructure is required, the agency says.
Uzbekistan faced significant challenges in the energy sector, especially during the 2022-2023 winter heating period when large cities, including Tashkent, suffered due to an abnormal cold spell.
CentralasianLIGHT.org
September 29, 2023