Wind Power Market in Uzbekistan is expected to grow fast in the period 2020 - 2030. Large scale wind farm projects are announced ...
Update: June 2021; NOTE: We have a new version of this report for the 2024 - 2033 period. Please review it here: https://renewablemarketwatch.com/country-reports/cis/uzbekistan
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 122
Report production №: RMWIN3482021156
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This market report offers an incisive and reliable long-term overview of the wind energy sector of the country for the period 2020 ÷ 2030. Given recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria, Greece and Italy, the Republic of Uzbekistan represents a stable investment environment in the CIS region with clear rules and auction (tender) procedure. The current cumulative installed wind power capacity in the country is insignificant, but the number of wind projects will promptly increase in 2020 and next years.
First large scale wind power projects have been announced, whilst over 370 MW wind projects pipeline is progressing in different stages of permitting process. The auction (tender) procedure for wind energy in Uzbekistan is expected to pave the way for the fast further growth of the wind energy market in the country. The report provides a complete picture of the market situation, dynamics, current issues and future prospects. Uzbekistan plans to develop 5GW of renewable energy by 2030.
You will find more than 120 pages of valuable information in this unique, in-depth analysis of the Uzbekistan wind energy market and will receive an overview of how the COVID-19 (Coronavirus) will impact it. This report brings clear and concise insights with comprehensive market data to help investors in their decision-making process. As 2019 was a challenging year of the world wind power industry, the time for making the right decisions during 2020 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized report content. Reasons to buy this market report are, but not limited to:
- Wind resource potential in Uzbekistan
- Historical market data provided from 2010 to 2020 and forecasts until 2030
- Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant investment in Uzbekistan (IRR, WACC, Payback, NPV, Cash Flow, etc.)
- Over 50 charts, tables and maps
- Overview of announced auction (tender) procedure for renewable power plants in Uzbekistan
- Overview of Uzbekistan wind energy market development 2010 ÷ 2030
- Development scenario of Uzbekistan wind power sector until 2030
- Major active and upcoming wind power plants in Uzbekistan
- Current market prices of fully permitted and operational wind farm projects
- Attractiveness indices for wind energy investments in Uzbekistan and CIS countries
- SWOT Analysis (detailed in 5 pages)
- Overview of Uzbekistan legal and regulatory framework for RES generation
- Review of most relevant financing and supporting incentives
- Project developers, EPC providers and Consultants in Uzbekistan
- Key organizations and stakeholders affecting the development of the wind power sector in Uzbekistan
- Investment potential and opportunities
On the next pages, you will see the full table of content of this report. To order this report, just click on the button "ADD TO CART". If you have any other questions, please do not hesitate to call us on ++44 203 807 00 79 or write an e-mail to orders@renewablemarketwatch.com
TABLE OF CONTENTS 3
FOREWORD 7
1 METHODOLOGY AND LIMITATIONS 8
1.1 Research Methodology 8
1.2 Forecast Software and Methodology 12
1.2 Limitations 12
2 EXECUTIVE SUMMARY 13
2.1 Historical and Current Development Overview of Wind Power Market in Uzbekistan 13
2.2 Uzbekistan Wind Resource Potential 13
2.3 Renewable Energy Sources (RES) Policies and Targets 14
2.4 Key Stakeholders Affecting Wind Power Market Development in Uzbekistan 14
2.5 Market Drivers and Constraints 14
2.6 Recent and Pending Changes in Renewable Energy Law in Uzbekistan 15
2.7 Market Forecast Summary 15
3 UZBEKISTAN POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS 16
3.1 Basic Country Data 16
3.2 Political Climate and Ruling Party 20
3.3 GDP and Economic Growth 20
3.4 Taxes 23
3.4.1 VAT 24
3.4.2 Income and Corporate Taxes 24
3.4.3 Exemption of excise duty 25
4 COMMONWEALTH OF INDEPENDENT STATES (CIS) AND CENTRAL-EAST EUROPE (CEE) POWER MARKET 26
4.1 General Electricity Market information 26
4.2 Wind Power in the Energy Sector 32
4.3 Single Electricity Market of the European Union (EU) 35
4.4 CIS States Common Electricity Market (CIS CEM) 38
4.5 Electricity Market Concept of Eurasian Economics Union (EAU) 39
5 COMMONWEALTH OF INDEPENDENT STATES (CIS) WIND POWER MARKET 40
5.1 Market Overview 40
5.2 Cumulative Installed Wind Capacity and Revenue 41
5.3 Annual Installed Wind Capacity 43
5.4 Future Development Trends 43
6 UZBEKISTAN POWER MARKET 45
6.1 Electricity Transmission and Distribution 45
6.2 Electricity Consumption and Generation 47
6.3 Electricity Imports and Exports 51
6.4 Electricity Prices for Business and Households 52
6.5 Renewable Energy Sources (RES) Targets 53
7 UZBEKISTAN WIND POWER MARKET 55
7.1 Why Invest in Wind Power in Uzbekistan? 55
7.2 Uzbekistan Wind Resource Potential 56
7.3 Licensing Period Duration 57
7.4 Regional Substation Capacities for Wind Power Projects in Uzbekistan 58
7.5 Overview of Wind Power Market in Uzbekistan 59
7.6 Market Structure Analysis 60
7.7 Investment Trends and Development Roadmap 61
7.8 Competitive Environment in Wind Power Market 62
7.9 Profiles of Key Players and Investors in Wind Power Market 63
7.10 Cumulative Installed Wind Capacity and Revenue 65
7.11 Annual Installed Wind Capacity 67
7.12 Market Prices for Wind Power Projects in Uzbekistan in Development, Ready to Build and Operational (Grid Connected) Condition 67
7.13 Key Cost Structure Elements of Wind Power Plant in Uzbekistan 68
7.14 Levelized Cost of Energy (LCOE) for Wind Power in Uzbekistan 69
7.15 Key Wind Power Projects in Uzbekistan Under Development 70
7.16 Mergers and Acquisitions 73
8 DRIVERS AND CONSTRAINTS OF WIND MARKET IN UZBEKISTAN. SWOT ANALYSIS 74
8.1 Market Drivers 74
8.2 Market Drivers Explained 74
8.3 Market Constraints 75
8.4 Market Constraints Explained 75
8.5 SWOT Analysis 76
9 FINANCIAL ANALYSIS OF WIND MARKET IN UZBEKISTAN 80
9.1 Financing Options of Wind Power Projects in Uzbekistan 80
9.2 Financial Model and Analysis of 50 MW Wind Power Plant investment in Uzbekistan (IRR, WACC, Payback, NPV, Cash Flow, ETC.) 85
10 TECHNOLOGY ANALYSIS 90
10.1 Wind Technology Overview 90
10.2 Technology Trends 91
11 COMMONWEALTH OF INDEPENDENT STATES (CIS) RENEWABLE ENERGY POLICY LANDSCAPE 93
12 UZBEKISTAN RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK 95
12.1 Main Laws and Regulations 95
12.2 Support Schemes 96
12.3 Green Certificates Trading 96
12.4 Changes in Renewable Energy Law in Uzbekistan in 2019 and 2020 Грешка! Показалецът не е дефиниран.
12.5 Auction (Tender) Procedure for Wind Power Plants in Uzbekistan 100
12.6 Zoning, Planning and Construction Related Authorizations 101
12.7 Environmental Related Authorizations 101
12.7.1 Emerald Network and Environment Protected Areas 102
12.7.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) 103
12.8 Energy Law Authorizations 103
12.8.1 Power Generation Licensing and Unlicensed Power Generation Below 1 MW 103
12.8.2 Grid Interconnection 104
12.8.3 Feed-in Tariff (FIT) 105
12.8.4 Power Off-Take for Green Certificates 107
12.8.5 Power Off-Take under Auction (Tender) Scheme 108
12.8.6 Registers for Green Certificates (Guarantees of Origin) 108
12.9 Future Market Pricing Mechanisms 109
13 KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN UZBEKISTAN 110
13.1 Government Stakeholders 110
13.2 Non-Government Stakeholders 114
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s) 115
14 CONCLUSIONS AND RECOMMENDATIONS 123
15 LIST OF ABBREVIATIONS 125
16 REFERENCES 127
17 DISCLAIMER 129
APPENDIX I. WIND RESOURCE MAPS OF EUROPE AND UZBEKISTAN 130
- Map 1: Where is Uzbekistan on the Asian Map 16
Map 2: Uzbekistan Road Network 17
Map 3: Uzbekistan Administrative Regions Map 19
Map 4: Uzbekistan Electricity Grids Network 46
Map 5: Uzbekistan Wind Resource Map at 80 m.a.g.l. 56
MAP 6: Uzbekistan Emerald Network of Environment Protected Areas Map 102
MAP 7: Global Mean Wind Speed at 80 m.a.g.l. 130
Map 8: European Wind Atlas 131
Map 9: Unrestricted technical potential for onshore wind energy in the EU countries up to 2030, based on estimated 80 m.a.g.l average wind speeds (incl. Uzbekistan) 132
Chart 1: Uzbekistan Real GDP Growth for the Period 2020 ÷ 2030 in % (including forecast) 21
Chart 2: Uzbekistan GDP Growth Compared to EU-27 for the Period 2020 ÷ 2030 in % (including forecast) 22
Chart 3: Corporate Tax Income in Selected Commonwealth of Independent States (CIS) and Central-East Europe (CEE) Countries 24
Chart 4: Physical Energy Flows Values in GW in the Commonwealth Independent States (CIS) AND Central-East Europe (CEE) in 2019 27
Chart 5: Breakdown of Electricity Production by Source Type in the EU-28 in 2019 (in %) 29
Chart 6: Average Base Load Electricity Price in the Selected Commonwealth Independent States (CIS) (€/MWh): 2009 – 2019; Renewable Market WatchTM 30
Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 (in GW) 31
Chart 8: New Installed and Decommissioned Power Capacity by Source Type in the Commonwealth Independent States (CIS) in 2019 (MW) 32
Chart 9: Age of Power Plants in the Commonwealth Independent States (CIS) and Europe in 2019 33
Chart 10: Share of New Power Generation Capacities Added in the Commonwealth Independent States (CIS) in 2019 (MW) 34
Chart 11: Annual Installed Power Generating Capacity (MW) and Renewable Share (in %) 2009 – 2019 in the Commonwealth Independent States (CIS) 35
Chart 12: Number of Filled Patents for Wind Technologies in the Commonwealth Independent States (CIS) 2009 – 2019 40
Chart 13: Cumulative Installed Capacity of Wind Power Plants (in MW) in the Commonwealth Independent States (CIS) 2020 ÷ 2030, including forecast 41
Chart 14: Cumulative Revenue of Wind Power Plants (in Millions USD) in the Commonwealth Independent States (CIS) 2020 ÷ 2030, including forecast 42
Chart 15: Annual Installed Capacity of Wind Power Plants (in MW) in the Commonwealth Independent States (CIS) 2020 ÷ 2030, including forecast 43
Chart 16: Uzbekistan Power Market Structure 45
Chart 17: Share of RES electricity from Total Installed Power Capacity in Uzbekistan in 2019 48
Chart 18: Uzbekistan Total Annual Electricity Consumption (in TWh) 2009 ÷ 2019 49
Chart 19: Uzbekistan Power Generation Capacity Breakdown by Source (Fuel) Type in 2019 50
Chart 20: Electricity Imports and Exports in Uzbekistan 2020 ÷ 2030 (in million kWh) including forecast 52
Chart 21: Uzbekistan Targets for Renewable Energy Sources by 2030 (in %) set by National Renewable Energy Action Plan (NREAP) 54
Chart 22: Chart: Number of Filled Patents for Wind Technologies in Uzbekistan 2009 – 2019 62
Chart 23: Cumulative Installed Capacity of Wind Power Plants in Uzbekistan (in MW) 2020 ÷ 2030, including forecast 65
Chart 24: Cumulative Revenue of Wind Power Plants in Uzbekistan (in Millions EUR) 2020 ÷ 2030, including forecast 66
Chart 25: Annual Installed Capacity of Wind Power Plants in Uzbekistan (in MW) 2020 ÷ 2030, including forecast 67
Chart 26: Levelized Cost of Energy (LCOE) for Wind Power and Other Renewable Technologies in Uzbekistan by 2030 (in €) 69
Chart 27: Uzbekistani SEFF Structure 81
Chart 28: Cumulative Cash Flows and Break-Even Point of 50 MW Wind Power Plant Investment in Uzbekistan 88
Chart 29: Wind Turbine Price Evolution (€/Wp) 2009 ÷ 2019 91
Chart 30: Market Shares by Sales of the Distribution System Operators (DSOs) in Uzbekistan in 2019 115
Table 1: Electricity Prices for Business and Households 53
Table 2: Support Schemes for RES Generation in the Commonwealth Independent States (CIS) and Uzbekistan 55
Table 3: Market Prices for Wind Projects in Uzbekistan for 2020 ÷ 2030 in Development, Ready to Build and Operational (Grid Connected) Condition (2020 Update) 68
Table 4: Key Cost Structure Elements of Wind Power Plant in Uzbekistan in 2020 69
Table 5: Database with Major Operational, Under Construction and Planned Wind Projects in Uzbekistan 71
Table 6: Key Financial Parameters of 50 MW Wind Power Plant Investment in Uzbekistan 86
Table 7: Key Financial Viability Indicators of 50 MW Wind Power Plant Investment in Uzbekistan (IRR, NPV, Payback, Benefit-Cost) 86
Table 8: Project Costs and Savings (Income) Summary of 50 MW Wind Power Plant Investment in Uzbekistan 87
Table 9: Yearly Cash Flows of 50 MW Wind Power Plant Investment in Uzbekistan ( Cumulative) 88
Table 10: Wind Turbine Price Trend in 2020 92
