QAZAQ GREEN.  International renewable energy company Voltalia (Euronext Paris, ISIN: FR0011995588) has signed a power sales agreement (PPA) for its hybrid project in Uzbekistan. The agreement was concluded with the state-owned company JSC Uzenergosotish during the official visit of Uzbek President Shavkat Mirziyoyev to France.

Signed under the auspices of Uzbekistan’s Ministry of Energy and the Ministry of Investment and Foreign Trade, the agreement marks a significant milestone for the Artemisya project in the Bukhara region. The project integrates 126 megawatts of solar power, 300 megawatts of wind power, and 100 megawatts/200 megawatt-hours of battery storage.

Voltalia has been collaborating with Uzbek authorities on renewable energy initiatives for several years. In November 2022, the company signed an agreement with the Uzbek government, in the presence of the European Bank for Reconstruction and Development (EBRD), to initiate the development of the hybrid cluster. In November 2023, during a state visit led by Presidents Emmanuel Macron and Shavkat Mirziyoyev, Voltalia signed a protocol outlining the next steps for the Artemisya hybrid project.

The newly signed PPA spans 25 years for solar and wind energy and 15 years for storage. It ensures the project’s long-term financial viability, supporting Uzbekistan’s growing electricity demand, particularly during peak consumption hours.

The annual electricity generation of the hybrid cluster will be equivalent to the consumption of approximately 2.5 million Uzbek residents while preventing the emission of 598,000 tonnes of CO₂ per year. Construction of the solar and storage facilities is set to begin in Q1 2026, with wind power installations starting in Q3 2026.

In addition to the PPA, Voltalia has signed two further agreements: 

 – The establishment of key terms for the large-scale Turan Storage project, with a capacity of 500 megawatts/1 gigawatt-hour. This project is part of the tripartite partnership signed during the last investment forum in Tashkent with the Ministry of Energy and the Ministry of Investment and Foreign Trade. 

 – An agreement outlining the terms for implementing a 500-kilowatt agrivoltaic pilot project in the Tashkent region. Scheduled for commissioning in August 2025, it will serve as the first test project of its kind in Uzbekistan.

This milestone reaffirms Voltalia’s commitment to supporting Uzbekistan’s ambitious goal of achieving 8 gigawatts of renewable capacity by 2026 and 12 gigawatts by 2030.