Yesterday, Masdar, the Abu Dhabi-based photo voltaic PV challenge developer, and a delegation of Azerbaijani authorities representatives signed three separate funding agreements. The funding agreements will fund the rollout of two Masdar-managed photo voltaic PV initiatives and one onshore wind challenge with a complete mixed capability of 1 GW, a press launch mentioned.
The contracts are claimed to be a part of the primary part of a ten GW renewable power challenge pipeline in Azerbaijan.
Within the press launch, Azerbaijan’s Minister of Vitality, Pavriz Shahbazov, mentioned the announcement mirrors the present authorities’s prioritization of renewable power improvement. The discharge didn’t specify the place the initiatives could be situated, what know-how could be utilized or when the initiatives could be commissioned.
The contracts had been inked on the inauguration of the 230 MW Garadagh Photo voltaic Park in Garadagh, situated in Azerbaijan’s Baku area. The challenge, touted as the most important photo voltaic PV plant within the space, can be managed by Masdar.
Azerbaijan goals to generate greater than 30% of its general power capability from renewables by 2030.
The European Financial institution for Reconstruction and Growth (EBRD) estimates Azerbaijan’s photo voltaic potential is 8 GW. Nevertheless, little or no photo voltaic PV has really been rolled out within the nation. Solely 30 MW of photo voltaic PV capability was deployed on the finish of 2020, in accordance with the Worldwide Renewable Vitality Company (IRENA).
This content material is protected by copyright and might not be reused. If you wish to cooperate with us and want to reuse a few of our content material, please contact: editors@pv-magazine.com.
