The "Uzbekistan Solar Photovltaic (PV) Power Market Outlook 2018-2027" report has been added to ResearchAndMarkets.com's offering.
This market report offers an incisive and reliable long-term overview of the photovoltaic sector of the country for the period 2018-2027.
In view of 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 CIS region with clear rules and auction (tender) procedure. Current cumulative installed PV capacity in the country is insignificant, but a number of solar projects will promptly increase in 2019 and in the coming years.
The first large scale solar photovoltaic power projects have been announced, whilst a pipeline of over 500 MW solar project pipeline is progressing in different stages of permitting process. Auction (tender) procedure for solar energy in Uzbekistan is expected to pave the way for fast further growth of the solar PV market in the country. The report provides a complete picture of the market situation, dynamics, current issues, and future prospects.
You will find more than 120 pages of valuable information in this unique, in-depth analysis of the Uzbekistan solar photovoltaic market. With comprehensive market data, this report brings clear and concise insights, to help investors in their decision-making process. As 2017 and 2018 were challenging years of world photovoltaic industry, the time for taking the right decisions during 2019 and the next few years is limited. A fast-changing market environment requires relevant and accurate information.
Reasons to buy this market report are, but not limited to:
- Solar resource potential in Uzbekistan
- Historical market data provided from 2000 to 2017 and forecasts until 2027
- 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 photovoltaic (solar PV) market development 2007-2027
- Development scenario of Kazakhstan photovoltaic (solar PV) sector until 2027
- Major active and upcoming photovoltaic plants in Uzbekistan
- Current market prices of fully permitted and operational photovoltaic projects
- Attractiveness indices for photovoltaic 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 photovoltaic sector in Uzbekistan
- Investment potential and opportunities
Subscription: Included in the report price is a subscription for a 1 year period with 4 quarterly updates
Uzbekistan plans five large scale solar photovoltaic (PV) by 2021. Energy security, affordability, and efficiency are key priorities of the government's energy strategy, according to the recently published report Uzbekistan Solar Photovoltaic (PV) Power Market Outlook 20182027. Uzbekistan is a promising country among CIS states for investors in solar photovoltaic (PV) energy due to its excellent solar irradiation potential and high fossil fuels dependency rate.
The government has adopted policy and legal frameworks with clear goals to reduce energy intensity and losses, and enhance sector investments and institutional change. According to the Decree of the President of the Republic of Uzbekistan 'On measures for further development of alternative energy sources', principal attention is being paid to broader use of solar energy and biogas. Uzbekistan exports 25% of its natural gas through its pipeline network of over 12,000 kilometers (km) and 250 gas compressor stations.
CURRENT POWER MARKET SITUATION
The energy sector underpins Uzbekistan's sustained growth and private sector development. Uzbekistan enjoys abundant fossil fuel energy resources with rich coal, oil, and gas reserves. However, it is also one of the most energy- and carbon-intensive countries in the world. Natural gas remains the main energy source in Uzbekistan, followed by coal and large hydro. The country has about 1.8 trillion cubic meters of proven natural gas reserves, 590 million barrels of proven oil reserves, and about 3 billion tons of recoverable coal reserves. The reserve to production ratio for local gas is about 25-30 years, but this is likely to increase as potential natural gas reserves are being explored.
The government owns and manages the energy sector in Uzbekistan. After a public sector reorganization in August 2001, the Ministry of Energy and Electrification was transformed into Uzbekenergo as a state joint-stock company. Uzbekenergo, a vertically integrated and publicly-owned monopoly (in charge of electricity generation, transmission, and distribution), operates under the supervision and regulation of the Cabinet of Ministers. The Ministry of Finance sets electricity tariffs.
The sector of Uzbekistan is corporatized with separate business units, and further restructuring of Uzbekenergo is planned. The key objective is to commercialize its utility operations and introduce competition in its various business lines. Uzbekenergo aims to transform its management and operations to become a model power utility in the region. This will involve introducing new skills, business practices, and technology.
Uzbekistan's household electrification rate is almost 100%, but its aging and overloaded electricity system is a cause of the power demand-supply gap, especially in rural areas. This affects households' quality of life, economic activity, and delivery of social services. Uzbekistan's grid infrastructure shall need a lot of investments by 2030 in order to modernize transmission lines, most of which are in a poor condition.
CLIMATE AND ENERGY POLICIES
Uzbekistan aims to maximize savings through rational use and application of clean energy technology, integration of energy efficiency into national planning, improvement of sector performance through commercializing utility operations, the attraction of private sector participation, and increase of energy exports on a commercial basis.
Uzbekistan is the most populous country in Central Asia. Despite it is the biggest producer of electricity in the region, the country's power sector is highly inefficient because most of the power generation facilities are from the Soviet Union era. Since 2016 Uzbekistan has significantly focused its attention on the development of renewable energy resources and, in particular, solar energy, in a bid to diversify its energy balance and reduce its dependence on gas.
CURRENT SOLAR PHOTOVOLTAIC (PV) MARKET SITUATION
The maturing European, Asian and North America markets allowed investors to look for new opportunities in CIS states, according to the analyst of this report. In recent years, the country is blessed with abundant solar irradiance (annual total global horizontal irradiance) of 1,400 - 1,800 kWh/m2.
In 2017, the government of Uzbekistan announced clean energy targets for 1.2GW of hydro power, 450MW of solar PV power and 300MW of wind power by 2025. In 2018, Uzbek President Shavkat Mirziyoyev announced plans to tender 500 MW of solar PV power distributed in five projects of 100 MW each between 2017 and 2021. Recent decisions and revised legislation in 2017 in the energy sector will lead to an increased role solar photovoltaic (PV) power in energy supply.
Solar PV capacity in the country at the end of 2018 is insignificant, but is forecasted to increase in the next decade, reveals the analyst in its recently published report Uzbekistan Solar Photovoltaic (PV) Power Market Outlook 2018-2027.
SOLAR AUCTIONS IN UZBEKISTAN
China Singyes Solar Technologies Holdings Ltd at the end of 2016 was announced as the winner in a tender for the deployment of 100 MW of photovoltaic (PV) capacity in the Samarkand province of Uzbekistan with a total investment cost of USD 274M. However, this project was later suspended.
The French Total Eren and state-owned company Uzbekenergo signed a contract to jointly implement a solar power plant project in the Samarkand province in October 2018 as a part of the partnership agreement between the government of Uzbekistan and the French Development Agency to drive infrastructure projects worth an estimated USD1.15 billion (1 billion). Total Eren is a renewable energy unit of French oil giant Total.
Uzbekenergo has issued at the beginning of this month a request for pre-qualification for the 100 MW solar PV project, planned for the Navoiy region in southwestern Uzbekistan. The project shall be developed with the support of the International Finance Corporation (IFC). The tender procedure is expected to finish by the end of June 2019..
MAJOR SOLAR PV PROJECT DEVELOPMENTS
A global leader in sustainability and utility-scale solar production, SkyPower, has announced in 2018 an estimated $1.3 billion foreign direct investment in Uzbekistan to build 1,000 MW (1 GW) of solar energy generation capacity throughout the country. This project will bring the largest foreign direct investment in Uzbekistan's history. Uzbekistan and SkyPower also signed the first Power Purchase Agreement (PPA) in the country's history, whereby the government will be purchasing power from an international and private company. SkyPower will be the first independent power producer in the history of Uzbekistan, working closely with state-owned utility company Uzbekenergo. This project is also the first public-private partnership between Uzbekistan and a truly North American company.
Middle East's leading developer and operator of utility-scale clean energy projects, Masdar announced in October 2018 the signing of an agreement to build wind and solar PV power plants in Uzbekistan. The size of the projects is still not announced but is supposed they will be large scale.
- China Singyes Solar Technologies Holdings Ltd
- Total Eren
Key Topics Covered
1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
2 EXECUTIVE SUMMARY
2.1 Historical and Current Development Overview of Photovoltaic (Solar PV) Power Market in Uzbekistan
2.2 Uzbekistan Solar Resource Potential
2.3 Key Stakeholders Affecting Photovoltaic (Solar PV) Power Market Development in Uzbekistan
2.4 Market Drivers and Constraints
2.5 Auction (Tender) Procedure for Photovoltaic (Solar PV) Power Plants in Uzbekistan
2.6 Recent and Pending Changes in Renewable Energy Law in Uzbekistan
2.7 Market Forecast Summary
3 UZBEKISTAN POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS
3.1 Basic Country Data
3.2 Political Climate and Ruling Party
3.3 GDP and Economic Growth
3.4.2 Income and Corporate Taxes
4 COMMONWEALTH INDEPENDENT STATES (CIS) AND CENTRAL-EAST EUROPE (CEE) POWER MARKET
4.1 General Electricity Market information
4.2 Photovoltaics (Solar PV) in the Energy Sector
4.3 Single Electricity Market of the European Union
4.4 CIS States Common Electricity Market (CIS CEM)
4.5 Electricity Market Concept of Eurasian Economic Union
5 COMMONWEALTH INDEPENDENT STATES (CIS) PHOTOVOLTAIC (SOLAR PV) POWER MARKET
5.1 Market Overview
5.2 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Capacity and Revenue
5.3 Annual Installed Photovoltaic (Solar PV) Capacity
5.4 Future Development Trends
6 UZBEKISTAN POWER MARKET
6.1 Electricity Transmission and Distribution
6.2 Electricity Consumption and Generation
6.3 Electricity Imports and Exports
6.4 Electricity Prices for Business and Households
6.5 Renewable Energy Sources (RES) Targets
7 UZBEKISTAN PHOTOVOLTAIC (SOLAR PV) POWER MARKET
7.1 Why Invest in Photovoltaic (Solar PV) Power in Uzbekistan?
7.2 Uzbekistan Solar Resource Potential
7.3 Licensing Period Duration
7.4 Regional Substation Capacities for Solar PV Power Projects in Uzbekistan
7.5 Overview of Photovoltaic (Solar PV) Power Market in Uzbekistan
7.6 Market Structure Analysis
7.7 Investment Trends and Development Roadmap
7.8 Competitive Environment in Photovoltaic (Solar PV) Power Market
7.9 Profiles of Key Players and Investors in Photovoltaic (Solar PV) Power Market
7.10 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Capacity and Revenue
7.11 Annual Installed Photovoltaic (Solar PV) Capacity
7.12 Market Prices for Photovoltaic (Solar PV) Power Projects in Uzbekistan in Development, Ready to Build and Operational (Grid Connected) Condition
7.13 Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Uzbekistan
7.14 Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Uzbekistan
7.15 Key Photovoltaic (Solar PV) Power Projects in Uzbekistan Under Development
7.16 Mergers and Acquisitions
8 DRIVERS AND CONSTRAINTS OF PHOTOVOLTAIC (SOLAR PV) MARKET IN UZBEKISTAN. SWOT ANALYSIS
8.1 Market Drivers
8.2 Market Drivers Explained
8.3 Market Constraints
8.4 Market Constraints Explained
8.5 SWOT Analysis
9 FINANCIAL ANALYSIS OF PHOTOVOLTAIC (SOLAR PV) MARKET IN UZBEKISTAN
9.1 Financing Options of Photovoltaic (Solar PV) Power Projects in Uzbekistan
9.2 Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant investment in Uzbekistan (IRR, WACC, Payback, NPV, Cash Flow, ETC.)
10 TECHNOLOGY ANALYSIS
10.1 Photovoltaic (Solar PV) Technology Overview
10.2 Technology Trends
11 CIS COUNTRIES RENEWABLE ENERGY POLICY LANDSCAPE
11.1 RES Regulations and Directives of the European Union (EU) affecting CIS countries
11.1.1 Precedent Regulations
11.1.2 EU 2030 Framework for Climate and Energy Policies
11.1.3 EU Energy Roadmap 2050
11.2 RES Strategy for CIS Countries Developed by UN ECE
11.2.1 Development of Educational Activity and Personnel Training
11.3 Renewable Energy Sources (RES) Mandatory Targets for CIS Countries
12 UZBEKISTAN RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK
12.1 Main Laws and Regulations
12.2 Support Schemes
12.3 Recent and Pending Changes in Renewable Energy Law in Uzbekistan
12.4 Auction (Tender) Procedure for Photovoltaic (Solar PV) Power Plants
12.5 Zoning, Planning and Construction Related Authorizations
12.6 Environmental Related Authorizations
12.6.1 Environment Protected Areas
12.6.2 Clean Development Mechanism (CDM) and Joint Implementation (JI)
12.7 Energy Law Authorizations
12.7.1 Power Generation Licensing
12.7.2 Grid Interconnection and quota limitations by 2020
12.7.3 Power Off-Take
12.7.4 Feed-in tariff (FIT)
12.7.5 RES Certificates (Guarantees of Origin)
12.8 Additional Incentives for Photovoltaic (Solar PV) Power Projects in Uzbekistan
12.9 Future Market Pricing Mechanisms
13 KEY STAKEHOLDERS AFFECTING PHOTOVOLTAIC (SOLAR PV) POWER MARKET DEVELOPMENT IN UZBEKISTAN
13.1 Government Stakeholders
13.2 Non-Government Stakeholders
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO's)
14 CONCLUSIONS AND RECOMMENDATIONS
APPENDIX I. SOLAR MAPS OF CIS COUNTRIES AND UZBEKISTAN
List of Maps
Map 1: Where is Uzbekistan on the CIS Countries Map
Map 2: Major Transport Corridors Passing Through Uzbekistan
Map 3: Uzbekistan Administrative Regions Map
Map 4: The Synchronous Grids of Europe and the CIS States
Map 5: Interconnection Grid Map of Central-East Europe and the CIS States
Map 6: Electricity Grid Map of Uzbekistan
Map 7: Solar Resource Map of Uzbekistan
Map 8: Environment Protected Areas in Uzbekistan
Map 9: Uzbekenergo Distribution Territory
Map 10: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in Europe and CIS countries
Map 11: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Europe and CIS Countries
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