EDB to back Uzbekistan’s green infrastructure development together with Yashil Energiya

The Eurasian Development Bank (EDB) and JV Yashil Energiya LLC 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 partnership envisages building a pipeline of energy projects in the Republic, 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, Managing Director of EDB:

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, CEO of JV Yashil Energiya LLC:

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.

Cooperation with Yashil Energiya is in line with EDB’s «middle‑path» energy transition strategy for Central Asia — a balanced approach that combines the modernisation of traditional generation with the active deployment of renewables.

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.

Additional Information:

The EDB is a multilateral development bank investing in Eurasia. For 20 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By the end of December 2025, the EDB’s cumulative portfolio comprised 326 projects with a total investment of US $19,6 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.

The EDB is implementing three mega-projects as part of its 2022–2026 Strategy: the Eurasian Transport Network, the Eurasian Agricultural Goods Distribution System and the Central Asian Water and Energy Complex.