Uzbekistan Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers the Uzbekistan Renewable Energy Market Sizes and Trends, and It is Segmented Into Type (Hydropower, Solar, Wind, and Other Types). The Report Offers the Installed Capacity and Forecasts in Capacity (MW) for all the Above Segments.

Uzbekistan Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Uzbekistan Renewable Energy Market Size

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Uzbekistan Renewable Energy Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 3.65 gigawatt
Market Volume (2030) 6.95 gigawatt
CAGR 13.73 %
Market Concentration High

Major Players

Uzbekistan Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Uzbekistan Renewable Energy Market with other markets in Energy & Power Industry

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Uzbekistan Renewable Energy Market Analysis

The Uzbekistan Renewable Energy Market size in terms of installed base is expected to grow from 3.65 gigawatt in 2025 to 6.95 gigawatt by 2030, at a CAGR of 13.73% during the forecast period (2025-2030).

  • In the long term, upcoming solar and wind energy projects are likely to drive the country's renewable energy market.
  • On the other hand, project feasibility may be affected by site availability and resource utilization efficiency, which may hinder market growth during the forecast period.
  • Nevertheless, Uzbekistan's wind energy potential is expected to be significant, even though the nation still primarily relies on fossil fuels for electricity generation. Areas like Bukhara, Kungrad, Ak Bajtal, and Nukus are expected to be ideal for the development of wind energy. These regions should have wind speeds between 0.61 and 3.98 m/s and power densities between 1.74 and 88.55 W/m square. This offers sustainable opportunities for market expansion.

Uzbekistan Renewable Energy Industry Overview

The Uzbekistani renewable energy market is consolidated. Some of the major players in the market (in no particular order) include JSC Uzbekgidroenergo, SkyPower Ltd, Masdar, TotalEnergies SE, and Voltalia SA.

Uzbekistan Renewable Energy Market Leaders

  1. JSC Uzbekgidroenergo

  2. SkyPower Ltd

  3. Masdar

  4. Voltalia SA

  5. TotalEnergies SE

  6. *Disclaimer: Major Players sorted in no particular order
Uzbekistan Renewable Energy Market Concentration
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Uzbekistan Renewable Energy Market News

  • May 2024: World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), and the government of Uzbekistan signed a contract on a financial package to build a 250-MW solar photovoltaic plant and a 63-MW battery energy storage system. The main aim of this project is to provide clean and reliable energy to about 75,000 households.
  • March 2023: The scaling Solar 2 project for Uzbekistan received USD 12 million in financial support, as agreed by the World Bank's Board of Executive Directors. The project will support the government's transition to a green economy, promote the decarbonization of the energy industry, and increase the nation's capacity to produce clean and renewable energy.

Uzbekistan Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumption

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Uzbekistan Renewable Energy Installed Capacity and Forecast in MW Till 2029
  • 4.3 Renewable Energy Mix, 2023
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.1.1 Upcoming Solar and Wind Energy Projects
    • 4.6.1.2 Government Initiatives Supporting Clean Energy Technology
    • 4.6.2 Restraints
    • 4.6.2.1 Lack of Site Availability and Financial Constraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis
  • 4.9 Investment Analysis

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Hydropower
    • 5.1.2 Solar
    • 5.1.3 Other Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 JSC Uzbekgidroenergo
    • 6.3.2 SkyPower Ltd
    • 6.3.3 Masdar
    • 6.3.4 TotalEnergies SE
    • 6.3.5 Voltalia SA
    • 6.3.6 ACWA Power
    • 6.3.7 Sinohydro Corporation
    • 6.3.8 RusHydro
    • 6.3.9 WorleyParsons Limited
  • *List Not Exhaustive
  • 6.4 List of Other Prominent Companies
  • 6.5 Market Ranking Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Uzbekistan Renewable Energy Industry Segmentation

Renewable energy sources include sources such as sunlight, wind, water movement, and geothermal heat that naturally replenish themselves on a human timescale. The market for renewable energy in Uzbekistan is growing quickly and is expected to reach a 40% share in renewable energy by 2030. Major investments in wind and solar projects, backed by goal alliances, are essential categories. The establishment of research institutions and innovation hubs is further enhancing technological breakthroughs. The evolution of the industry is driven by the need for a varied energy mix and growing energy demand. The scope and growth potential of the renewable energy industry in Uzbekistan are determined by components taken together.

The Uzbekistani renewable energy market is segmented into type (hydropower, solar, wind, and other types). The report offers the installed capacity and forecasts in capacity (MW) for all the above segments.

By Type Hydropower
Solar
Other Types
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Uzbekistan Renewable Energy Market Research FAQs

How big is the Uzbekistan Renewable Energy Market?

The Uzbekistan Renewable Energy Market size is expected to reach 3.65 gigawatt in 2025 and grow at a CAGR of 13.73% to reach 6.95 gigawatt by 2030.

What is the current Uzbekistan Renewable Energy Market size?

In 2025, the Uzbekistan Renewable Energy Market size is expected to reach 3.65 gigawatt.

Who are the key players in Uzbekistan Renewable Energy Market?

JSC Uzbekgidroenergo, SkyPower Ltd, Masdar, Voltalia SA and TotalEnergies SE are the major companies operating in the Uzbekistan Renewable Energy Market.

What years does this Uzbekistan Renewable Energy Market cover, and what was the market size in 2024?

In 2024, the Uzbekistan Renewable Energy Market size was estimated at 3.15 gigawatt. The report covers the Uzbekistan Renewable Energy Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Uzbekistan Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Renewable Energy in Uzbekistan Industry Report

Statistics for the 2025 Uzbekistan Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Uzbekistan Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.