China's Experience in Scaling Up Renewable Energy Capacity is Important for Central Asian Countries - Analysis
EDB analysts have identified several promising areas for Chinese investments in this region:
manufacturing industry,
energy (including renewable energy sources),
transport and logistics,
agricultural sector.
In the energy sector, especially in the renewable energy sector, China holds leading positions globally, possessing the largest installed capacities in solar and wind generation, and demonstrating significant achievements in construction, equipment manufacturing, and innovations.
EDB experts emphasize that Chinese experience in this field is particularly relevant for Eurasian countries, given their high energy intensity and the need to upgrade outdated energy facilities built during the Soviet era.
“The need for modernization and expansion of energy infrastructure in Central Asia is driven by high economic growth rates and an increasing population,” researchers point out.
According to forecasts, since 2016, Chinese investments in energy projects in the region have shown accelerated growth.
It is expected that the interest of Chinese investors in this area will remain in the coming years.
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