Azerbaijan inks three solar agreements with Chinese companies
Azerbaijan''s Ministry of Energy has signed three investment agreements for three separate solar projects involving cooperation from Chinese companies.
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.
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.
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.
PDF includes complete article with source references for printing and offline reading.
Download detailed specifications for our commercial energy storage cabinets, PCS, BMS and EMS systems.
Energy Park Precinct, Unit 15
Johannesburg 2001, South Africa
+27 10 446 7800
Monday - Friday: 7:30 AM - 5:30 PM SAST