THE IMPACT OF RENEWABLE ENERGY DEVELOPMENT ON ECONOMIC GROWTH IN UZBEKISTAN: A STATISTICAL ANALYSIS FOR 2021–2025

This article assesses the contribution of renewable energy development to economic growth in Uzbekistan using updated statistics for 2021–2025. The analysis relies on existing data from the International Renewable Energy Agency, the National Statistics Committee of the Republic of Uzbekistan, the Ministry of Energy, the Presidential Press Service, the World Bank, and the European Bank for Reconstruction and Development. Index analysis, structural decomposition, annual growth rates, compound annual growth rates, and comparative dynamic analysis are applied. The results show that renewable power capacity increased from 2,056 MW in 2021 to 10,027 MW in 2025, or 4.88 times, while its share in total electricity capacity rose from 12.5 percent to 36.1 percent. During the same period, average annual real GDP growth was 7.0 percent, and electricity generation recorded a compound annual growth rate of 4.4 percent. More than 95 percent of new capacity came from solar and wind energy. The article develops proposals for strengthening the growth effects of renewable energy through the development of grid infrastructure, energy storage systems, market reforms, and open statistical data.