Euronext Paris-listed Voltalia, a France-based renewable energy company, has signed a long-term power sales agreement for its 526-megawatt hybrid project in Uzbekistan. 

The deal, concluded with state utility Uzenergosotish, was on March 12 inked on the sidelines of an official visit paid to France by Uzbek President Shavkat Mirziyoyev.

The Artemisya project, located in Bukhara region, is a hybrid renewable energy cluster comprising 126 MW of solar energy, 300 MW of wind power and a 100-MW/200-MW-hour battery storage system. 

The newly signed power sales agreement will run for 25 years for solar and wind energy and 15 years for storage. 

Once operational, the hybrid cluster will generate enough electricity to supply approximately 2.5mn people in Uzbekistan while offsetting 598,000 tonnes of CO₂ emissions annually.

“The signing demonstrates our strong commitment to supporting Uzbekistan in its energy transition,” said Robert Klein, chief executive officer of Voltalia. “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.”

In addition to the Artemisya project, Voltalia also signed two further cooperation agreements with Uzbek authorities. 

The first agreement establishes the framework for developing the Turan Storage project, a large-scale 500-MW/1-gigawatt-hour battery storage initiative. This follows a tripartite partnership signed at Uzbekistan’s recent investment forum. 

The second agreement outlines the terms for a 500-kilowatt agrivoltaic pilot project in the Tashkent region, integrating solar energy with agricultural activities. Scheduled for commissioning in August 2025, the project will test the feasibility of agrivoltaic solutions in Uzbekistan.

“The new contract demonstrates our ability to develop large-scale projects, integrate efficient hybrid solutions, and ensure their long-term profitability,” said Yoni Ammar, deputy CEO of Voltalia. “They [the deals] 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.”

Uzbekistan aims to install 8 GW of renewable energy capacity by 2026 and 12 GW by 2030 as it reduces reliance on fossil fuels. 

The construction of Artemisya’s solar and storage components is set to begin in the first quarter of 2026, with the wind power installation following in the third quarter of the same year.

Voltalia operates and develops renewable energy projects worldwide, with 3.3 GW in operation and under construction and a development pipeline of 17.2 GW.