Abu Dhabi Future Energy Company PJSC – Masdar, a leading force in clean energy, has teamed up with SOCAR, the State Oil Company of Azerbaijan, to embark on three groundbreaking solar and wind projects in Azerbaijan. These projects, boasting a total capacity of 1 gigawatt (GW), were officially initiated during the opening ceremony of Baku Energy Week, showcasing Masdar’s steadfast commitment to Azerbaijan’s renewable energy ambitions.
The ceremony, graced by HE Ilham Aliyev, President of Azerbaijan, and HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar, marked a significant milestone in Azerbaijan’s energy landscape. Also in attendance were key figures including HE Parviz Shahbazov, Azerbaijan Minister of Energy, HE Mikayil Jabbarov, Azerbaijan Minister of Economy, and Mohamed Jameel Al Ramahi, CEO of Masdar.
The three projects, namely the Bilasuvar Solar PV Project (445MW), Neftchala Solar PV Project (315MW), and Absheron-Garadagh Onshore Wind Project (240MW), are poised to revolutionize Azerbaijan’s energy sector. These ventures, backed by investment agreements and various regulatory approvals, signify a robust partnership between Masdar and SOCAR in advancing renewable energy solutions.
HE Dr Sultan Al Jaber highlighted the pivotal role of such collaborations in achieving global renewable energy targets, emphasizing the UAE’s commitment to tripling renewable energy capacity by 2030. HE Parviz Shahbazov hailed the projects as a testament to the enduring friendship and strategic partnership between Azerbaijan and the UAE, underscoring their joint commitment to environmental sustainability.
HE Mikayil Jabbarov echoed these sentiments, lauding the projects as a vital step towards diversifying Azerbaijan’s energy sources and promoting sustainable development. Mohamed Jameel Al Ramahi emphasized Azerbaijan’s significance as a strategic market for Masdar, outlining the company’s ambitious plans to develop up to 10GW of clean energy in the country by 2030.
This groundbreaking initiative follows Masdar’s successful completion of the 230MW Garadagh solar plant in 2023, solidifying its position as a pioneer in renewable energy development. With a target to achieve a renewable energy portfolio capacity of 100GW by 2030, Masdar is poised to play a pivotal role in shaping the future of sustainable energy production globally.
