Voltalia, an international renewable energy company, has signed a power sales agreement (PPA) for its 526-megawatt hybrid project in Uzbekistan. The agreement was concluded with the state-owned Uzenergosotish on the sidelines of Uzbek President Shavkat Mirziyoyev's official visit to France.
The Artemisya project, located in the Bukhara region, integrates 126 megawatts of solar power, 300 megawatts of wind energy, and 100 megawatts/200 megawatt-hours of battery storage. The agreement, signed under the auspices of the Uzbek Ministry of Energy and the Ministry of Investment and Foreign Trade, marks a significant step in Uzbekistan’s energy transition.
The PPA extends for 25 years for solar and wind energy and 15 years for storage, ensuring the long-term financial viability of the project. The hybrid cluster will support Uzbekistan’s growing electricity demand and manage peak consumption through its storage capacity. Once operational, it will generate enough electricity to power approximately 2.5mn people while reducing carbon emissions by 598,000 tonnes annually.
Voltalia has been collaborating with the Uzbek government on the Artemisya project since November 2022, when an initial agreement was signed in the presence of the European Bank for Reconstruction and Development (EBRD). A year later, during a state visit led by Presidents Emmanuel Macron and Shavkat Mirziyoyev, the company signed a protocol defining the next steps for the project’s development.
Construction of the solar and storage components is set to begin in 1Q26, while wind power installation will commence in 3Q26.
In addition to the PPA, Voltalia has signed two cooperation agreements:
- Turan Storage Project: A framework agreement outlining key terms for a large-scale 500-megawatt/1-gigawatt-hour storage project. This initiative is part of a tripartite partnership signed at the last investment forum in Tashkent with the Ministry of Energy and the Ministry of Investment and Foreign Trade.
- Agrivoltaic Pilot Project: A 500-kilowatt agrivoltaic project in the Tashkent region, set to be commissioned in August 2025. It will be Uzbekistan’s first test project based on agrivoltaic technology, integrating agriculture with solar power generation.
With this agreement, Voltalia reaffirms its commitment to supporting Uzbekistan’s renewable energy ambitions, which include reaching 8 gigawatts of capacity by 2026 and 12 gigawatts by 2030.
“This signing demonstrates our strong commitment to supporting Uzbekistan in its energy transition,” said Robert Klein, CEO of Voltalia. “Following discussions initiated in 2022, we are now securing a significant power sales agreement, further strengthening our presence in the country.”
Yoni Ammar emphasized Voltalia's expertise in large-scale projects, hybrid energy solutions, and long-term profitability, while expressing gratitude for Uzbekistan's trust.
Voltalia is a global renewable energy player, generating and selling electricity from wind, solar, hydro, biomass, and storage facilities. With 3.3 gigawatts of operational and under-construction capacity, Voltalia also develops a 17.2-gigawatt project pipeline. The company offers comprehensive energy services, from project design to operation and maintenance, supporting businesses in achieving sustainability goals.
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