Voltalia signs PPA for its 526MW hybrid project in Uzbekistan

French energy producer Voltalia has signed a PPA with state-owned utility JSC Uzenergosotish for its 526MW hybrid Artemisya project in Uzbekistan.

The Artemisya project is located in the Bukhara region and combines 126MW of solar energy, 300MW of wind power, and 100MW/200MWh of battery storage.

The power sales agreement will provide JSC Uzenergosotish with solar and wind energy for a period of 25 years and storage for 15 years, thereby ensuring the financial viability of the project.

The hybrid project will produce enough power annually to meet the electricity consumption needs of 2,500,000 inhabitants in Uzbekistan and will help JSC Uzenergosotish not only meet the growing demand, but also manage peak daily demand thanks to the storage component of the PPA.

The construction phase is set to begin in Q1 2026 for solar and storage and in Q3 2026 for wind power.

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Yoni Ammar, deputy chief executive officer of Voltalia, commented in a statement: “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”.

This agreement is the latest of several collaborations between Voltalia and Uzbek authorities.

In November 2022, an agreement was signed for the development of the Shurkul complex in the Navoi region. This project combines solar, wind and battery storage for a total of +-400MW.

In December 2022, Voltalia won a tender in Uzbekistan, coordinated by the International Finance Corporation (IFC, World Bank Group), for the 123MW Sarimay solar power plant in the Khorezm region.

“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”, added Robert Klein, chief executive officer of Voltalia.

Uzbekistan’s largest source of clean electricity is hydro (6%). Its share of wind and solar is less than 1% and is below the global average (13%), according to think tank Ember. The country has set a goal to reach 27% renewable electricity by 2030.