Overview
In January 2020, Masdar signed an implementation agreement to develop a utility-scale solar photovoltaic (PV) project in the Republic of Azerbaijan. The 230-megawatt (MWac) Garadagh (Area 60) Solar PV Plant is the country’s first foreign investment-based independent utility scale solar project structured as a public-private partnership.
Masdar signed the Investment Agreement with the Government of the Republic of Azerbaijan, and Power Purchase Agreement and Transmission Connection Agreement with state power company Azerenerji OJSC in April 2021.
The project entailed developing, financing, constructing, and operating the 230MWac PV plant, located nine kilometers northwest of the Alat settlement in the Republic of Azerbaijan. The plant is started commercial operation in October 2023.
The project generates half a billion kilowatt-hours of electricity annually, enough to meet the needs of more than 110,000 homes, and will reduces emissions by 200,000 tonnes a year. The solar power plant has also created new jobs for the local community.
Project Info
Technologies Used
Solar PV
Location
Azerbaijan
Project Completion Year
2023
Status
Operational
