Utility-scale photo voltaic developer Masdar is ready to develop two new photo voltaic initiatives in Azerbaijan.
Azerbaijan Power Minister Parviz Shahbazov stated the three initiatives will generate 2.3 billion kWh of electrical energy per 12 months.
“Laying the muse of three stations with a capability of 1 GW will not be solely a primary within the discipline of inexperienced vitality in Azerbaijan, but in addition a brilliant indicator of our solidarity and dedication to the vitality transition,” stated Shahbazov.
Masdar accomplished a 230 MW photo voltaic plant in Garadagh, close to Baku, in October 2023. It’s Azerbaijan’s first international investment-based impartial photo voltaic venture and at the moment the most important PV plant within the Caspian area. Masdar Chief Government Officer Mohamed Jameel Al Ramahi stated Azerbaijan is a “key strategic market” for the corporate.
Azerbaijan has set a goal of producing 30% of its vitality capability from renewables by 2030. The nation’s complete photo voltaic capability reached 282 MW on the finish of final 12 months, in response to figures from the Worldwide Renewable Power Company (IRENA). Azerbaijan’s first-ever photo voltaic public sale, for a 100 MW venture, launched earlier this 12 months.
This content material is protected by copyright and will not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: editors@pv-magazine.com.
