THE IMPACT OF RENEWABLE ENERGY DEVELOPMENT ON ECONOMIC GROWTH IN UZBEKISTAN: A STATISTICAL ANALYSIS FOR 2021–2025
Том 4 № 65 (2026) 111-118
Аннотация
This article assesses the contribution of renewable energy development to economic growth in Uzbekistan using updated statistics for 2021–2025. The analysis relies on existing data from the International Renewable Energy Agency, the National Statistics Committee of the Republic of Uzbekistan, the Ministry of Energy, the Presidential Press Service, the World Bank, and the European Bank for Reconstruction and Development. Index analysis, structural decomposition, annual growth rates, compound annual growth rates, and comparative dynamic analysis are applied. The results show that renewable power capacity increased from 2,056 MW in 2021 to 10,027 MW in 2025, or 4.88 times, while its share in total electricity capacity rose from 12.5 percent to 36.1 percent. During the same period, average annual real GDP growth was 7.0 percent, and electricity generation recorded a compound annual growth rate of 4.4 percent. More than 95 percent of new capacity came from solar and wind energy. The article develops proposals for strengthening the growth effects of renewable energy through the development of grid infrastructure, energy storage systems, market reforms, and open statistical data.
Ключевые слова:
Библиографические ссылки
International Renewable Energy Agency (IRENA). Renewable Capacity Statistics 2026. Abu Dhabi: IRENA, 2026.
National Statistics Committee of the Republic of Uzbekistan. Growth rates of gross domestic product (production method, annual). SIAT, updated: 27 January 2026.
National Statistics Committee of the Republic of Uzbekistan. Uzbekistan’s GDP grew by 7.7% in 2025. 27 January 2026.
National Statistics Committee of the Republic of Uzbekistan. Volume of electricity production. SIAT, updated: 3 September 2025.
National Statistics Committee of the Republic of Uzbekistan. Industrial Production in the Republic of Uzbekistan: January–December 2025. 20 January 2026.
Grabara, J., Tleppayev, A., Dabylova, M., Mihardjo, L.W.W., & Dacko-Pikiewicz, Z. (2021). Empirical Research on the Relationship amongst Renewable Energy Consumption, Economic Growth and Foreign Direct Investment in Kazakhstan and Uzbekistan. Energies, 14(2), 332. https://doi.org/10.3390/en14020332.
Bhuiyan, M.A.H., Zhang, Q., Khare, V., Mikhaylov, A., Pinter, G., & Huang, X. (2022). Renewable Energy Consumption and Economic Growth Nexus—A Systematic Literature Review. Frontiers in Environmental Science, 10, 878394. https://doi.org/10.3389/fenvs.2022.878394.
Jia, H., Fan, S., & Xia, M. (2023). The Impact of Renewable Energy Consumption on Economic Growth: Evidence from Countries along the Belt and Road. Sustainability, 15(11), 8644. https://doi.org/10.3390/su15118644.
Filipović, S., Orlov, A., & Andrejević Panić, A. (2024). Key Forecasts and Prospects for Green Transition in the Region of Central Asia beyond 2022. Energy, Sustainability and Society, 14, 25. https://doi.org/10.1186/s13705-024-00457-0.
Caporin, M., Kuziboev, B., Ibadullaev, E., Khodjaniyazov, E., Marty, P., & Saidmamatov, O. (2024). The Contribution of Green, Blue, and Energy Sources to Economic Development in Central Asia. Economies, 12(9), 251. https://doi.org/10.3390/economies12090251.
Dirma, V., Okunevičiūtė Neverauskienė, L., Tvaronavičienė, M., Danilevičienė, I., & Tamošiūnienė, R. (2024). The Impact of Renewable Energy Development on Economic Growth. Energies, 17(24), 6328. https://doi.org/10.3390/en17246328.
Xolmurotov, F., Xolmuratov, X., Iskandarov, B., Madaminov, B., & Marksov, A. (2025). The Relationship between Renewable Energy Consumption and Economic Growth: Empirical Evidence from Uzbekistan. AIP Conference Proceedings, 3331, 030021. https://doi.org/10.1063/5.0306530.
Yusupov, A., Tukhtaeva, Z., Xolmurotov, F., Ishmuradov, S., Umirov, A., Karshiev, F., & Xolmuratov, X. (2025). The Impact of Renewable Energy Consumption on Export Performance in Uzbekistan: A Vector Autoregression Approach. Problems and Perspectives in Management / Business Perspectives publication platform.
World Bank. Uzbekistan Country Climate and Development Report. Washington, DC: World Bank, 2023.
World Bank. Innovative Climate and Carbon Finance for Energy Reform (iCRAFT), Project Appraisal Document. 2023.
European Bank for Reconstruction and Development. EBRD Finances the Largest Battery Energy Storage System in Central Asia. 2 July 2024.
European Bank for Reconstruction and Development. EBRD and EU Support Voltalia’s First Project in Uzbekistan. 1 November 2024.
European Bank for Reconstruction and Development. Transforming Economic Governance in Uzbekistan’s Energy Sector. 2025.
Press Service of the President of the Republic of Uzbekistan. Major Capacities Commissioned and a Range of New Energy Projects Launched. 5 December 2025.
National Committee of the Republic of Uzbekistan on Ecology and Climate Change. Uzbekistan Takes Decisive Steps Toward Green Energy. 29 October 2025.
Загрузки
Опубликован
Выпуск
Раздел
Как цитировать
