The virtual event brings together authorities and energy companies from Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Mongolia as well as international financial institutions and major multinational investors, EPC and consultancy firms for a dialogue aimed at fostering the deployment of renewable energy in the region and attracting foreign direct investment.
The region has enormous solar potential coupled with favourable conditions. Uzbekistan aims to deploy 5 GW of PV by 2030 and is realising solar programs mandated by the Government to IFIs, such as the ADB 1 GW solar program (Sherabad I & Sherabad II) and the IFC Scaling Solar Program (Scaling Solar 1, 2 & 3).
Wind energy has the greatest potential among all RES in some countries of the region. By mid-2020, there were 22 WPPs in operation with a total capacity of 383.9 MW in Kazakhstan as well as many projects in the pipeline. The technical potential for wind power in Mongolia was estimated by NREL to be in excess of 1TW.
By hydro resources, Tajikistan is ranked top in Central Asia and eight in the world, with approximately 220 terawatt-hours technically recoverable resources. In Kyrgyzstan, the hydropower potential is estimated at 142.5 billion kWh, which is currently only used by 10 per cent. Uzbekistan is to develop 3.8 GW by 2030.