renewable energy

IFC to Help Uzbekistan Attract Investments for Wind Farm Projects

The international financial corporation IFC will advise the government of Uzbekistan in structuring a public-private partnership (PPP) in the field of wind energy and wind farms.

IFC will help mobilize the experience and capital of the private sector for the construction and operation of wind farms (WPP) with a capacity of up to 500 MW in several country regions.

“IFC has signed an agreement to support the government of the Republic of Uzbekistan in the development of wind farms to help the country transition to clean energy and meet the growing electricity demand,” the report says.

The new project will help Uzbekistan achieve its goal of producing 25% of its electricity from renewable sources by 2026. It is one of several competitive tenders in the energy sector being implemented by the government of Uzbekistan in partnership with IFC.

In particular, earlier IFC helped tender and finance a 100 MW private solar power plant in Navoi Oblast, the country’s first utility-scale renewable energy facility that produces enough electricity to power more than 30,000 homes.

The press service noted that today wind power plants with a total capacity of more than 743 GW had been installed worldwide. The government of Uzbekistan has set itself the goal of commissioning 5 GW of solar (PV) and 3 GW of wind capacities by 2026.

In 2023 alone, Uzbek authorities plan to commission four PPPs with a total capacity of 1,097 MW in Samarkand, Jizzakh, Navoi and Surkhandarya regions and four wind farms with a full capacity of 1,600 MW in Karakalpakstan, Bukhara and Navoi regions.