Utility-scale photo voltaic developer Masdar is ready to develop two new photo voltaic initiatives in Azerbaijan.
Azerbaijan’s Energy Minister Parviz Shahbazov stated the three initiatives will generate 2.3 billion kWh of electrical energy yearly.
“Laying the inspiration of three stations with a capability of 1 GW will not be solely a primary within the subject of inexperienced power in Azerbaijan, but additionally a vibrant signal of our unity and dedication to power transition,” Shahbazov stated. .
Masdar accomplished a 230 MW photo voltaic plant in Garadagh, close to Baku, in October 2023. It is the primary overseas funding primarily based unbiased photo voltaic venture and is at present the biggest PV plant within the Caspian area. Masdar Chief Executive Officer Mohamed Jameel Al Ramahi stated that Azerbaijan is a “key strategic market” for the corporate.
Azerbaijan has set a goal to generate 30% of its power capability from renewables by 2030. The nation’s complete photo voltaic capability reached 282 MW on the finish of final 12 months, in accordance with figures from the International Renewable Energy Agency (IRENA). in Azerbaijan first photo voltaic public salefor the 100 MW venture, launched earlier this 12 months.
This content material is protected by copyright and is probably not reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: editors@pv-magazine.com.