In Short : The Asian Development Bank (ADB) has launched a new Country Partnership Strategy for Azerbaijan, focusing on economic diversification, green growth, and inclusive development. The strategy aims to support private sector expansion, strengthen climate resilience, and promote regional cooperation. This renewed framework reinforces ADB’s long-term commitment to Azerbaijan’s sustainable development and aligns with […]
ADB Signs MOU with AIIB, Azerbaijan, Kazakhstan, and Uzbekistan to Support Feasibility Study for Caspian Green Energy Corridor – EQ
In Short : The Asian Development Bank, AIIB, and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan signed an MOU to support a feasibility study for the Caspian Green Energy Corridor. The project aims to enhance cross-border green energy trade, interconnect regional power systems, and promote sustainable energy transmission from Central Asia to Europe, fostering […]
COP29: Sungrow’s Key Role in Driving Clean Energy Transition in Azerbaijan and Beyond – EQ
As COP29 will unfold in Azerbaijan from 11 to 22 November this year, the focus on renewable energy and sustainability has never been more critical. One company at the forefront of this transformation is Sungrow, a global leader in PV inverters and energy storage solutions, which has been instrumental in driving Azerbaijan’s renewable energy ambitions. […]
Azerbaijan has very large renewable energy potential – President Ilham Aliyev – EQ Mag
BAKU, Azerbaijan : Azerbaijan has a very large renewable energy potential, President of the Republic of Azerbaijan Ilham Aliyev said at a joint press conference with Chancellor of the Federal Republic of Germany Olaf Scholz in Berlin, Trend reports. “I had a meeting with about 30 German business people yesterday. During the two-hour meeting, I […]
ADB, Masdar Sign $21 Million Loan to Build Landmark Solar Power Project in Azerbaijan – EQ Mag Pro
BAKU, AZERBAIJAN : The Asian Development Bank (ADB) and Masdar Azerbaijan Energy Limited Liability Company (MAE), signed a $21.4 million loan agreement to finance Masdar’s 230-megawatt (MW) solar power plant near Alat settlement in Azerbaijan. It is the first significant private sector renewables investment in Azerbaijan’s history with long-term international financing from development finance institutions. […]
LONGi to supply solar panels to Masdar’s 230 MW Garadagh Solar Plant in Azerbaijan – EQ Mag Pro
LONGi and Masdar jointly held a signing ceremony on June 14th in Masdar City, Abu Dhabi, for the supply of solar photovoltaic (PV) modules via Masdar’s wholly owned affiliate Source Trading Company for the 230 megawatt (MW) Garadagh Solar Plant, the first utility-scale solar plant in Azerbaijan. The Project is located nine kilometers northwest of […]
Masdar agrees to develop 4 GW of clean energy projects in Azerbaijan – EQ Mag Pro
Masdar, one of the world’s leading renewable energy companies, has signed implementation agreements with the Ministry of Energy of the Republic of Azerbaijan to develop clean and renewable energy projects in the country with a combined confirmed capacity of 4,000 megawatts (MW) as an exclusive concession, with the right to develop an additional 6,000 MW […]
Masdar celebrates groundbreaking on 230 MW solar plant in Azerbaijan and signs four new project agreements – EQ Mag Pro
Groundbreaking ceremony for 230-megwatt (MW) Garadagh Solar PV Plant attended by His Excellency Ilham Aliyev, President of Republic of Azerbaijan, and energy ministers for UAE and Azerbaijan, strengthening partnership of two nations in clean energy Masdar demonstrates commitment to Azerbaijan’s clean energy objectives with signing of new agreements on range of projects across country Masdar, […]
Azerbaijan And BP Plan Solar Power Plant in Karabakh
The Ministry of Energy of the Republic of Azerbaijan and bp signed an Implementation Agreement on cooperation in the evaluation and implementation of a project to build a 240MW solar power plant in the Zangilan/Jabrayil region today. The signing of the document serves the establishment of a “green energy” zone in the liberated territories and […]
Azerbaijan Reveals Prices for Electricity To Be Produced by New Solar and Wind Power Plants
Azerbaijan’s energy ministry revealed prices for the electricity to be generated by the country’s solar and wind power plants operated by the Arabic companies. According to the information acquired from the country’s energy ministry, the price tag for one kilowatt of energy will be close to the wholesale price in Azerbaijan – 0.06 Azerbaijani Manat […]