Masdar to develop the 200 MW solar PV project in Baku
Masdar has signed an agreement with the Ministry of Energy of the Republic of Azerbaijan to design, finance, build and operate a 200 MW solar PV project in Baku.
Under the agreement, Masdar will develop, build and operate the 200 MW solar PV project, which will be located 75 kilometres southwest of the Baku, Capital of Azerbaijan. Financial close on the project is scheduled to achieve by the end of 2020, while the commercial operation is expected to start in 2022.
The solar project supports Azerbaijan’s target of producing 30 per cent of its domestic power needs from renewable energy sources by 2030.
Country updates
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November 04, 2019
MOL agrees to acquire 9.57% stake in ACG Oil Field, 8.9% stake in BTC pipeline
MOL Group has entered an agreement with Chevron Global Ventures, Ltd and Chevron BTC Pipeline, Ltd for the acquisition of their non-operated E&P and mid-stream interests in Azerbaijan, including a...
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January 30, 2019
US$4.4 billion financial close for Trans-Adriatic Pipeline
The Trans Adriatic Pipeline (TAP) successfully completed financial close in December 2018, securing EUR3.9 billion (US$4.44 billion) - the largest project finance agreed for a European infrastructure...
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November 12, 2018
Negotiations on the 200 MW offshore wind project in Caspian Sea underway
Negotiations on the development of the 200 MW offshore wind project in Caspian Sea is now underway. Under the State Agency for Alternative and Renewable Energy Sources, Azeralternativenergy...
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October 19, 2018
Azeri President opens 50-MW Yeni Yashma wind park
The 50-MW Yeni Yashma wind park has started operations. President of Azerbaijan assisted to the innauguration cermony of the project. The wind farm is located on 540 hectares (1,334 ac...
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January 24, 2018
Two wind farms are to be expanded, with the government having approved the necessary investment
