Voltalia, a global leader in renewable energy, has announced the signing of a power sales agreement (PPA) for its hybrid project in Uzbekistan. The agreement was finalized with state-owned JSC Uzenergosotish1 during Uzbek President Shavkat Mirziyoyev’s official visit to France.
The PPA, concluded with the support of the Uzbek Ministry of Energy and the Ministry of Investment and Foreign Trade, represents a significant milestone for the Artemisya project in the Bukhara region. The project will integrate 126 megawatts of solar power, 300 megawatts of wind power, and 100 megawatts/200 megawatt-hours of battery storage.
Strengthening Cooperation Between Voltalia and Uzbek Authorities
In November 2022, Voltalia signed an agreement with the Uzbek government, with the European Bank for Reconstruction and Development (EBRD) in attendance, to kick off the development of this hybrid cluster. Then, in November 2023, during a state visit led by Presidents Emmanuel Macron and Shavkat Mirziyoyev, Voltalia signed a protocol outlining the next steps for advancing the Artemisya project.
The power sales agreement signed today ensures a 25-year term for solar and wind energy and a 15-year term for storage. This agreement is crucial for securing the long-term profitability and financial sustainability of the project. Artemisya will address the country’s growing electricity demand, particularly during peak consumption times at the start and end of the day, due to its integrated storage capabilities.
The annual production of the Artemisya cluster will meet the electricity needs of approximately 2.5 million people in Uzbekistan, while also preventing the release of 598,000 tonnes of CO₂ annually.
Construction is slated to begin in Q1 2026 for solar and storage components, and in Q3 2026 for wind power. “This signing demonstrates our strong commitment to supporting Uzbekistan in its energy transition. Following the discussions initiated on this project in 2022, we are now concluding a significant power sales agreement, further strengthening our presence in the country”, commented Robert Klein, Chief Executive Officer of Voltalia.
Yoni Ammar, Deputy Chief Executive Officer of Voltalia, said, “The new contract demonstrates our ability to develop large-scale projects, integrate efficient hybrid solutions, and ensure their long-term profitability. They also reflect the confidence placed in Voltalia by the Uzbek authorities as a high-performing and leading partner in supporting the sector’s development. I sincerely thank them for this trust”.
In addition to the PPA, Voltalia has also signed two new cooperation agreements:
- A framework agreement detailing the primary terms for the 500-megawatt/1-gigawatt-hour Turan Storage project, part of a tripartite partnership established at the Tashkent investment forum with the Ministry of Energy and the Ministry of Investment and Foreign Trade.
- A memorandum outlining the implementation of a 500-kilowatt agrivoltaic pilot project in the Tashkent region, set to be operational by August 2025. This project will be Uzbekistan’s first test of agrivoltaic technology.
With these new developments, Voltalia reinforces its commitment to supporting Uzbekistan’s renewable energy goals, including reaching 8 gigawatts of renewable capacity by 2026 and 12 gigawatts by 2030.
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