Azerbaijan Gives Green Light to 760 Mw Of Solar
Azerbaijan has approved the construction of two new solar plants totaling 760 MW in the southeastern part of the countryAzerbaijan has approved the construction of two new solar plants totaling 760 MW in the southeastern part of the country.
PV Magazine International 4:59 pm on June 5, 2024
Azerbaijan approves 760 MW of solar projects overseen by Masdar, with potential for future energy transit. This marks a significant step in Azerbaijan's goal to derive 30% energy from renewables by 2030 and includes a new solar plant as its first foreign investment-based independent project.
- Azerbaijani Solar Project Initiatives: Approval of two large-scale solar projects (760 MW) totaling significant green energy potential.
- Masdar's Role and Contributions: Oversees development, completing the country's first independent foreign investment-based solar plant in Bak, Garadag. Commits to Azerbaijan's renewable energy transition.
- Azerbaijani Renewable Energy Goals: Targeting 30% energy capacity from renewables by 2030, with recent solar capacities reaching 282 MW.
- Upcoming Auctions and Investments: Anticipated inaugural auction for a 100 MW project demonstrates ongoing commitment to expanding renewable energy portfolio.
https://www.pv-magazine.com/2024/06/05/azerbaijan-gives-green-light-to-760-mw-of-solar/