Who is constructing solar PV projects in Azerbaijan?

The projects are developed in collaboration with Azerbaijan’s state oil company SOCAR. Image: Masdar UAE state-owned renewable energy developer Masdar has started constructing two solar PV projects in Azerbaijan, with a combined capacity of 760MW.

Will Azerbaijan build two new solar projects?

Azerbaijan has approved the construction of two new solar plants totaling 760 MW in the southeastern part of the country. Abu Dhabi Future Energy Co. (Masdar) will oversee the development of the projects. Utility-scale solar developer Masdar is set to develop two new solar projects in Azerbaijan.

How many solar projects will Masdar build in Azerbaijan?

Utility-scale solar developer Masdar is set to develop two new solar projects in Azerbaijan. Masdar will build three solar and wind projects with a combined capacity of 1 GW. Masdar and State Oil Company of Azerbaijan Republic (SOCAR) have signed a shareholder agreement for each of the projects.

Will Azerbaijan generate 30% of its energy by 2030?

Azerbaijan has set a target of generating 30% of its energy capacity from renewables by 2030. The country’s total solar capacity reached 282 MW at the end of last year, according to figures from the International Renewable Energy Agency (IRENA). Azerbaijan’s first-ever solar auction, for a 100 MW project, launched earlier this year.

Is Azerbaijan ready for green energy?

“Laying the foundation of 3 stations with a capacity of 1 GW is not only a first in the field of green energy in Azerbaijan, but also a bright indicator of our solidarity and commitment to the energy transition,” said Shahbazov. Masdar completed a 230 MW solar plant in Garadagh, near Baku, in October 2023.

What is Azerbaijan's wind and solar potential?

That includes 23,000 megawatts of solar energy, 3,000 megawatts of wind, 3,000 megawatts of biomass burning, and 700 megawatts of geothermal energy. The optimistic estimates for Azerbaijan’s wind and solar potential are backed up by the International Renewable Energy Agency (IRENA) in a November report.