METHODOLOGY FOR INCREASING THE EFFICIENCY OF RENEWABLE ENERGY SOURCES IN AN INNOVATIVE ECONOMY

Authors

  • Qodirov Bakhodirjon Tursunovich University bussines and science Senior lecturer of the Department of “Green Economy”, PhD

Keywords:

renewable energy, LCOE, CF, “green economy”, energy efficiency, scenario modeling.

Abstract

This article analyzes the role of renewable energy sources in the innovative economy of the Republic of Uzbekistan and the methodology for increasing their efficiency. The study studied the dynamics of energy production in 2016–2024 based on international (IEA, IRENA, World Bank) and national (Ministry of Energy) data. The economic efficiency of renewable energy sources was assessed using LCOE (levelized cost of ownership), CF (capacity utilization factor) and scenario modeling methods. According to the results, by 2030, renewable energy capacity is expected to reach 25 GW, and the volume of "green" energy production is expected to reach 64 billion kWh. The article provides an in-depth analysis of investment activity, technological development and socio-economic impacts within the framework of the "Green Economy" strategy.

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References

O‘zbekiston Respublikasi Prezidentining PQ–4477-son qarori (2019-yil 4-oktabr). “O‘zbekiston Respublikasining 2019–2030-yillarga mo‘ljallangan ‘Yashil iqtisodiyot’ga o‘tish strategiyasi.” Tashkent. https://lex.uz/docs/-4539502

O‘zbekiston Respublikasi Energetika vazirligi (2024). “Elektr energetikasi tarmog‘ining 2016–2024-yillardagi rivojlanish ko‘rsatkichlari.” Rasman e’lon qilingan statistik ma’lumotlar, www.minenergy.uz

International Energy Agency (IEA) (2024). “Uzbekistan Energy Profile 2024.” Paris: IEA Publications. https://www.iea.org/

International Renewable Energy Agency (IRENA) (2024). “Renewable Power Generation Costs in 2023.” Abu Dhabi: IRENA. https://www.irena.org/

World Bank Group (2024). “Uzbekistan Energy Sector Transformation: Overview and Outlook.” Washington, D.C. https://www.worldbank.org/ext/en

United Nations Framework Convention on Climate Change (UNFCCC) (2021). “Uzbekistan’s Updated Nationally Determined Contribution (NDC).” Bonn: UNFCCC Secretariat. https://unfccc.int/

IEA Regional Energy Outlook: Central Asia Edition (2024). “Regional Power Market Integration and Renewable Dynamics.” Paris: International Energy Agency. https://www.iea.org/

GGGI (Global Green Growth Institute) (2023). “Green Investment Opportunities in Uzbekistan’s Energy Sector.” Seoul: GGGI Publications. https://gggi.org/

Asian Development Bank (ADB) (2022). “Uzbekistan Energy Transition and Low-Carbon Pathway.” Manila: ADB Energy Division. https://www.adb.org/

“Yashil energetika barqaror taraqqiyot asosi.” O‘zbekiston Milliy axborot agentligi rasmiy kanali, 18 aprel 2024-yil.

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Published

2026-02-10

How to Cite

Qodirov Bakhodirjon Tursunovich. (2026). METHODOLOGY FOR INCREASING THE EFFICIENCY OF RENEWABLE ENERGY SOURCES IN AN INNOVATIVE ECONOMY. Journal of Applied Science and Social Science, 16(02), 381–387. Retrieved from https://www.internationaljournal.co.in/index.php/jasass/article/view/3233

Issue

Vol. 16 No. 02 (2026): Volume 16 Issue 02

Section

Articles

License

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