In Uzbekistan, Voltalia wins the 123 megawatt Uch-Uchak solar project

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Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, is growing in Uzbekistan .

In July 2022, Voltalia participated in a tender, sponsored by the World Bank through the IFC’s Scaling Solar program, for a new solar power plant in Uch-Uchak in the Khorezm region of Uzbekistan. Voltalia has been informed by the Uzbek government that it has won the bid for this new 123 megawatt (100 megawatt AC) plant.

The nominated site is located near the Turkmen border in the western Uzbek province of Khorezm, approximately 150 kilometers southeast of the provincial capital Urgench and approximately 900 kilometers west of the country’s capital, Tashkent. The solar power plant will use the latest technologies available, with high performance bi-facial panels mounted on trackers. With commissioning scheduled for 2024, the contract will include the design, construction, financing, ownership, operation and maintenance of the plant as well as the design, financing and construction of the interconnection facilities of the ‘Buyer.

This investment will be financed by the project’s debt and will be supported by the main development finance institutions in the region. Uzbekistan’s renewable energy deployment plan aims to develop 12 gigawatts of solar and wind capacity by 2030 and this investment in Khorezm will help meet the ambitious targets set by the Uzbek government.

“ After signing an innovative partnership agreement with the Government of Uzbekistan in November, we are extremely pleased to have won this 123 megawatt solar tender today. Uzbekistan will be one of Voltalia’s main markets in the future and we are proud to help the country achieve its ambitious objectives for 2030, by considerably increasing the country’s renewable electricity production thus contributing to its energy independence.  , said Sébastien Clerc, CEO of Voltalia.

Next meeting: Revenues for the 4th quarter 202 2 , January 25, 2023 (after market close)

Voltalia is an international player in renewable energies. The Group produces and sells electricity from its wind, solar, hydraulic, biomass and storage facilities. It has a capacity in operation and under construction of more than 2.4 GW and a portfolio of projects under development with a total capacity of 13.6 GW.

Voltalia is also a service provider and supports its clients in renewables during all project stages, from design to operation-maintenance.

A pioneer in the business market, Voltalia finally offers businesses a global offer ranging from the supply of green electricity to energy efficiency services, including the local production of its own electricity.

With 1,450 employees in 20 countries on 4 continents, Voltalia has a global capacity for action for its customers.

Voltalia is listed on the regulated Euronext market in Paris (FR0011995588 – VLTSA) and is part of the Enternext Tech 40 and CAC Mid&Small indices. The company is also included in the Gaïa-Index, the index of responsible mid-caps.

Loan Duong, Communications & Investor Relations Director
Email: invest@voltalia.com
T. +33 (0)1 81 70 37 00Actifin
Press Relations: Jennifer Jullia
jjullia@actifin.fr   Phone +33 (0)1 56 88 11 11

Source La Bourse et la Vie