The Eurasian Development Bank (EDB) and Yashil Energiya have signed a memorandum of understanding to cooperate in renewable energy. The parties plan to jointly finance and implement projects in distributed solar generation, electric vehicle charging infrastructure and small hydropower plants in Uzbekistan. The ceremony took place within the framework of the Tashkent International Investment Forum last week.
The partnership envisages building a pipeline of energy projects in Uzbekistan, introducing modern digital solutions, and developing a service‑based business model to stimulate the green energy transition in both the public and private sectors.
Alexey Skatin, Deputy Chairman of the Management Board of EDB said: “Renewable energy is one of EDB’s priorities in Uzbekistan. We see huge potential in distributed solar generation and EV charging infrastructure. Our partnership with Yashil Energiya will help introduce advanced technological and digital solutions that will enable the Republic to move towards carbon neutrality while creating new opportunities for businesses and the public.”
Nodirbek Nasretdinov, General Director of Yashil Energiya stated: “Cooperation with EDB opens a new chapter for our company. The support of such an international financial institution allows us to scale up projects in distributed energy and charging infrastructure, which are critical for Uzbekistan’s growing economy. Together we can make a real contribution to achieving the Republic’s green transition and energy efficiency goals.”
Uzbekistan is already one of the regional leaders in green energy. According to the international analytical centre Ember, 12% of the country’s electricity was generated from solar and wind in 2025. That is part of a larger strategy: Uzbekistan plans to reach 20 GW of installed renewable energy capacity by 2030, with renewables accounting for 54% of total generation.
