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 LLC, communicates with foreign investors to finance the projects for wind farms. Arab countries, China and Canada showed interest in the project.
The feasibility study of the project was already carried out. The project at sea will extend from Pirallahi to Chilov Island. The realization of the project can greatly benefit the consumers in the Absheron peninsula with stable electricity source.
Country updates
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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
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August 04, 2017
The European Bank for Reconstruction and Development (EBRD) is going to make a decision on allocating up to US$500 million loan for the project on October 18
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November 04, 2015
Azerbaijan plans 200 MW offshore wind farm
According to sources, Azerbaijan has plans to develop a 200 MW offshore wind farm in the Caspian Sea
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August 11, 2015
Lukoil closes financing for Shah Deniz project
Lukoil has obtained long-term financing worth US$1 billion for the Shah Deniz stage 2 project located in the Caspian Sea off the coast of Azerbaijan.
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