Uzbekistan leads in €1.7 billion in “green” investment – Euronews

Central Asia and Mongolia received nearly €1.72 billion in investment from the European Bank for Reconstruction and Development in 2025. The funds were directed to 120 projects, marking one of the largest financial support packages in the region over the past decade, Euronews reported.

More than half of the investments—53%—were allocated to renewable energy. About 68% of the loan portfolio supported private sector initiatives, while nearly one-third was spent on developing sustainable infrastructure.

In 2025, Uzbekistan received the largest share of financing, exceeding €880 million. This marks the sixth consecutive year the country has taken the leading position. The region’s largest green projects were also implemented there.

A 1 GW solar photovoltaic power plant and a 1,336 MWh battery energy storage system represent the largest complex of its kind in Central Asia. In Tajikistan, the modernization of the Kayrakkum Hydropower Plant was completed, increasing capacity from 126 MW to 174 MW and providing reliable electricity to half a million people. In Kazakhstan, the cargo capacity of Aktau Port is being expanded, which is strategically important for the Trans-Caspian Corridor.

In Uzbekistan, 110 irrigation pumping stations will be modernized. New energy-efficient equipment will save 251,000 MWh of electricity annually and reduce CO₂ emissions by more than 117,000 tons.

More than 4,600 small and medium-sized businesses in the region received advisory, training, and financial support. Loans were channeled to the real economy through local banks.

In Mongolia, 73% of the funds will support businesses led by women and young people. In Kazakhstan, more than $60 million has been allocated to businesses led by these groups.

Overall, 2025 has been described as a year of promoting the green economy and the private sector in the region. The investments are strengthening energy security, modernizing infrastructure, and creating a foundation for long-term sustainable growth.

Earlier, Uzbekistan’s international reserves were reported to have increased from $66.3 billion on January 1 to nearly $75 billion as of February 1, with about 85% held in gold.