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.
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.
The third announced project is a 100 MW floating solar power plant with a 30 MWh battery storage system to be located on Lake Boyukshor, close to Azerbaijan’s capital Baku. The agreement is in place between the ministry, Socar Green and China Datang Overseas Investment Co. Ltd, which is set to be the main investor.
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.
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At COP29, the Asian Infrastructure Investment Bank (AIIB) signed a financing agreement of USD160 million for its first private-sector renewable energy project in Azerbaijan, …
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The third announced project is a 100 MW floating solar power plant with a 30 MWh battery storage system to be located on Lake Boyukshor, close to Azerbaijan’s capital Baku.
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