Mar 13, 2025
Voltalia obtains a 25-year Power Purchase Agreement for a 526MW hybrid project in Uzbekistan.
Renewable energy company Voltalia has entered into a power sales agreement with JSC Uzenergosotish for its 526MW Artemisya hybrid project located in Uzbekistan.
This agreement was announced during the official visit of Uzbek President Shavkat Mirziyoyev to France in March 2025.
The Artemisya project consists of 126MW of solar energy, 300MW of wind energy, and 100MW/200 megawatt hours (MWh) of battery storage.
The power purchase agreement (PPA) is set for 25 years for solar and wind energy, and 15 years for storage, ensuring the project’s long-term financial sustainability.
The project aims to satisfy Uzbekistan’s increasing electricity demand and to efficiently manage peak consumption through its storage capabilities.
The annual output of the Artemisya project will be equivalent to the electricity usage of 2.5 million residents in Uzbekistan, and it will help reduce CO₂ emissions by 598,000 tons each year.
Construction is slated to commence in the first quarter (Q1) of 2026 for the solar and storage components, and in the third quarter (Q3) of 2026 for the wind power segment.
Voltalia's CEO Robert Klein remarked: "This agreement underscores our strong commitment to assist Uzbekistan in its energy transition. Following our discussions regarding this project in 2022, we are now finalizing a major power sales agreement, which further solidifies our presence in the nation."
In addition to the PPA, Voltalia has also signed two new cooperation agreements with Uzbek authorities.
The first agreement establishes the terms for the 500MW/1 gigawatt hour (GWh) Turan storage project, a collaboration between the Ministry of Energy and the Ministry of Investment and Foreign Trade.
The second agreement details the initiation of a 500kW agrivoltaic pilot project in the Tashkent region, which is expected to be operational by August 2025.
These agreements highlight Voltalia's dedication to supporting Uzbekistan's objective of achieving 8GW of renewable capacity by 2026 and 12GW by 2030.
In a related update, Abu Dhabi-based future energy firm Masdar has recently launched the 500MW Zarafshan wind farm in Uzbekistan, marking it as the largest wind facility in Central Asia.
This agreement was announced during the official visit of Uzbek President Shavkat Mirziyoyev to France in March 2025.
The Artemisya project consists of 126MW of solar energy, 300MW of wind energy, and 100MW/200 megawatt hours (MWh) of battery storage.
The power purchase agreement (PPA) is set for 25 years for solar and wind energy, and 15 years for storage, ensuring the project’s long-term financial sustainability.
The project aims to satisfy Uzbekistan’s increasing electricity demand and to efficiently manage peak consumption through its storage capabilities.
The annual output of the Artemisya project will be equivalent to the electricity usage of 2.5 million residents in Uzbekistan, and it will help reduce CO₂ emissions by 598,000 tons each year.
Construction is slated to commence in the first quarter (Q1) of 2026 for the solar and storage components, and in the third quarter (Q3) of 2026 for the wind power segment.
Voltalia's CEO Robert Klein remarked: "This agreement underscores our strong commitment to assist Uzbekistan in its energy transition. Following our discussions regarding this project in 2022, we are now finalizing a major power sales agreement, which further solidifies our presence in the nation."
In addition to the PPA, Voltalia has also signed two new cooperation agreements with Uzbek authorities.
The first agreement establishes the terms for the 500MW/1 gigawatt hour (GWh) Turan storage project, a collaboration between the Ministry of Energy and the Ministry of Investment and Foreign Trade.
The second agreement details the initiation of a 500kW agrivoltaic pilot project in the Tashkent region, which is expected to be operational by August 2025.
These agreements highlight Voltalia's dedication to supporting Uzbekistan's objective of achieving 8GW of renewable capacity by 2026 and 12GW by 2030.
In a related update, Abu Dhabi-based future energy firm Masdar has recently launched the 500MW Zarafshan wind farm in Uzbekistan, marking it as the largest wind facility in Central Asia.