Masdar starts building 760MW solar PV projects in Azerbaijan
- Admin
- Jun 5, 2024
- 1 min read
Masdar, a UAE state-owned renewable energy developer, has started constructing two solar PV projects in Azerbaijan in collaboration with SOCAR, the state oil company. The projects include the 445MW Bilasuvar solar PV project, the 315MW Neftchala solar PV project, and a 240MW wind project. Investment agreements were reached in October 2023. Parviz Shahbazov, Azerbaijan’s energy minister, mentioned that the projects could generate 2.3 billion kWh of electricity annually. Azerbaijan plans to generate 30% of its energy capacity from renewable power by 2030.
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