Renewable Energy And Structural Transformation Of Uzbekistan’S Economy Under The Green Economy

This article examines the specific features of developing Uzbekistan’s national energy sectorwithin the framework of green economy principles, with particular attention to the structural transformationdriven by accelerated renewable energy deployment. Uzbekistan has revised its 2030 renewable capacity targetupward from an initial 12 GW of solar and wind to a more ambitious 27 GW of total renewable capacity includinghydropower, aiming to raise the share of renewables in electricity generation from roughly 23 percent in 2025 to54 percent by 2030. Using a descriptive-analytical method grounded in official statistics, international energyagencydata, and investor disclosures, the study documents the trajectory of installed capacity, the electricitygenerationshare of renewables, the portfolio of major independent power producer (IPP) projects, and thescale of investment mobilized since 2023. The results show that Uzbekistan’s energy sector is undergoing adistinctive transition path characterized by public-private partnership (PPP) tendering, sovereign-backed powerpurchase agreements, and increasingly competitive tariffs, with the 1.5 GW Samarkand solar project reachingUSD 0.0165 per kWh roughly 40 percent below marginal gas-fired generation costs. The article concludes thatthe structural transformation of Uzbekistan’s energy sector is proceeding faster than the initial 2019 GreenEconomy Transition Strategy anticipated, but that grid flexibility, transmission capacity, and domestic capitalmarketdepth remain binding constraints on the pace of further transformation.