Uzbekistan Renewable Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Uzbekistan Renewable Energy Market is segmented by Type (Hydropower, Solar, and Other Types).

Market Snapshot

Uzbekistan Renewable Energy Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >4.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Uzbekistan renewable energy market is expected to witness a CAGR of more than 4.5%, during the forecast period. The primary driver of the market includes government policies that are emphasizing on switching its electricity generation from natural gas to renewable fuels. Uses of renewable energy ensure energy diversification, to stabilize the increasing carbon emission in the country. However, due to its abundance of energy, the development of renewable energy is not on a high priority for the Uzbekistan government, except hydropower, which is expected to hinder the market growth during the forecast period.

Hydropower held a significant market share in 2019, and it is likely to dominate the market during the forecast period.

Uzbekistan's electricity generation mostly depends upon fossil fuel, but it is expected that the country has a potential for wind energy generation of around 15.27-775.72  kWh/m2. Places, like Nukus, Kungrad, Ak Bajtal, and Buhara, are expected to be the best sites for wind energy development in Uzbekistan. The estimated wind speed and power density of the sites are around 0.61-3.98 m/s and 1.74–88.55 W/m2, respectively. Thus, the country's wind energy holds an opportunity for the market groeth in the future.

Increasing solar energy projects are likely to drive the Uzbekistan renewable market, during the forecast period.

Scope of the Report

The Uzbekistan renewable energy market report includes:

By Type
Other Types

Report scope can be customized per your requirements. Click here.

Key Market Trends

Hydropower to Dominate the Market

  • As of 2019, Uzbekistan's renewable energy primarily consisted of hydropower. With nearly 99% of the total renewable installed capacity, the segment has dominated the renewable sector. Solar and wind power have almost 1% of the total renewable installed capacity.
  • With around 37 hydroelectric stations, the country had a total installed capacity of around 1,914.9 megawatts (MW) in 2018, and it increased to 1,938.9 MW in 2019.
  • With an increase in electricity demand, the country is planning to set up four new hydroelectric projects of more than 30 MW, by 2025. Moreover, the Uzbekistan government is planning to set up 16 small hydroelectric projects and to modernize 21 existing hydroelectric power stations.
  • The completion of the aforementioned projects is estimated to generate around 2,826 million kWh electricity per year, with total hydropower stations number to reach around 57, by 2025.
Uzbekistan Renewable Energy Market - Hydropower Installed Capacity

Upcoming Solar Energy Projects to Drive the Market

  • As of 2019, Uzbekistan solar energy installed nearly 4 MW of capacity. With higher importance to natural gas and hydroelectric project, the government was way back in solar energy development activities.
  • In 2019, the government had announced to develop 900 MW of solar projects, through a public-private partnership. Out of the total, the government is planning for two 200 MW solar projects by 2025, followed by 500 MW in the future.
  • Moreover, in September 2019, the government kicked off a subsidy program for rooftop PV and revealed plans for a 40 MW solar park in Namangan, in Eastern Uzbekistan.
  • Completion of the upcoming projects and the government's ambitious target to achieve five GW installation capacities by 2030 are expected to expand the solar energy market, during the forecast period.
Uzbekistan Renewable Energy Market - Solar Installed Capacity

Competitive Landscape

The Uzbekistan renewable energy market is consolidated. The key players in the market include JSC Uzbekgidroenergo and SkyPower Ltd.

Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Uzbekistan Renewable Energy Installed Capacity and Forecast in MW, till 2025

    3. 4.3 Renewable Energy Mix, 2019

    4. 4.4 Recent Trends and Developments

    5. 4.5 Government Policies and Regulations

    6. 4.6 Market Dynamics

      1. 4.6.1 Drivers

      2. 4.6.2 Restraints

    7. 4.7 Supply Chain Analysis

    8. 4.8 PESTLE Analysis


    1. 5.1 By Type

      1. 5.1.1 Hydropower

      2. 5.1.2 Solar

      3. 5.1.3 Other Types


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 JSC Uzbekgidroenergo

      2. 6.3.2 SkyPower Ltd

    4. *List Not Exhaustive

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Uzbekistan Renewable Energy Market market is studied from 2016 - 2026.

The Uzbekistan Renewable Energy Market is growing at a CAGR of >4.5% over the next 5 years.

JSC Uzbekgidroenergo, SkyPower Ltd are the major companies operating in Uzbekistan Renewable Energy Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!