They will be implemented by Chinese companies working in collaboration with Azerbaijan-based developers. Azerbaijan’s Ministry of Energy has signed three investment agreements for three separate solar projects involving cooperation from Chinese companies.
Azerbaijan’s Ministry of Energy has signed three investment agreements for three separate solar projects involving cooperation from Chinese companies. The first agreement is for the evaluation, development and implementation of a 160 MW solar plant.
The second agreement concerns a 100 MW solar power plant to be built in the Gobustan district of eastern Azerbaijan. It is between the ministry, Universal Solar Azerbaijan LLC and an unnamed Chinese company whose cooperation was determined through an auction.
Azerbaijan’s cumulative solar capacity stood at 293 MW by the end of 2024, according to figures from the International Renewable Energy Agency (IRENA). Work on a 240 MW project in southwestern Azerbaijan began last November, the same month funding was secured for two solar projects in the southeast of the country that will total 760 MW.
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China is set to invest in wind and solar power plants in Azerbaijan. Explore the future of renewable energy today!
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