Key facts
- Uzbekistan has attracted substantial investment in renewable energy projects since 2020.
- Investors from Saudi Arabia, the UAE, and Japan are actively pursuing opportunities in solar and wind power.
- The country's high solar potential, with over 300 days of sunshine per year, is a key attraction.
- This influx of investment signifies a strategic move by Uzbekistan to diversify its energy sources away from gas.
Uzbekistan is experiencing a significant influx of investment in its renewable energy sector, particularly in solar and wind power, since 2020. Companies from Saudi Arabia, the United Arab Emirates, and Japan are reportedly eyeing opportunities in the Central Asian nation. ACWA Power, a company active in the region, described the wave of green energy deals as a "tsunami." Uzbekistan's high solar energy potential, with over 300 days of sunshine annually, is a key factor driving this interest. This strategic pivot represents a move away from the country's traditional reliance on gas-based energy sources.