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Study of Uzbekistan’s Experience in Developing Projects of Electricity Production from Renewable (Alternative) Sources

Yulia RastopchinaDepartment of World Economy Belgorod State National Research University Belgorod, RussiaAzima PrimovaDepartment of Management Bukhara Institute of Engineering and Technology Bukhara, Republic of UzbekistanNatalya SolovjevaDepartment of Economic Innovation and Finance Belgorod State National Research University Belgorod, Russia
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The article examines the development processes of the alternative energy sector in the Republic of Uzbekistan. The key areas for the development of the sector and the general strategic directions of Uzbekistan's industrial policy have been analyzed. The legal aspects and aspirations of the state to stimulate the development of the alternative energy sector and the implementation of projects to produce electricity from renewable sources have been addressed. An overview of current projects to produce electricity from renewable sources, implemented in the Republic of Uzbekistan with or without the participation of foreign investors, is presented. Barriers and difficulties in the development of alternative energy in the Republic of Uzbekistan have been identified, including high cost of production and low capacity of renewable energy compared to traditional energy sources, the low cost of traditional energy sources, lack of specific financial support mechanisms for business, technical deficiencies in energy production technologies, lack of public awareness of modern forms of energy, especially renewable energy, innovative lag of the industry. The article also presents comments and opinions of the leaders of the energy companies of the Republic of Uzbekistan on problems and prospects of development of the alternative energy sector in the country.

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Koʻrsatkichlar — AkademScholar · Tez orada