Masdar starts building 760MW solar PV projects in Azerbaijan

June 5, 2024
Facebook
Twitter
LinkedIn
Reddit
Email
The projects are developed in collaboration with Azerbaijan’s state oil company SOCAR. Image: Masdar

UAE state-owned renewable energy developer Masdar has started constructing two solar PV projects in Azerbaijan, with a combined capacity of 760MW.

The entire development, developed in collaboration with Azerbaijan’s state oil company SOCAR, includes the 445MW Bilasuvar solar PV project, the 315MW Neftchala solar PV project and a 240MW wind project. Investment agreements for the projects were reached in October 2023, followed by the signing of power purchase agreements (PPAs), transmission connection agreements and land lease agreements.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

PV Tech reported that these projects are the first phase of a 10GW pipeline of renewables projects in Azerbaijan signed in 2022.

Parviz Shahbazov, Azerbaijan’s energy minister, said the projects could generate 2.3 billion kWh of electricity annually.

Prior to these projects, Masdar began operating the 308MWp Garadagh (Area 60) solar PV project in Azerbaijan last year. Once operational, the project produces 500GWh of power annually using inverter manufacturer Sungrow’s 320kW string inverters SG320HX. The project is compatible with the MV8850-LV MV stations. Spanning an area of about 5.5 million square metres in the Gobustan District in Azerbaijan, the project uses an 8.85MW large PV blocks design, and the static var generator is replaced by the SG320HX.

Azerbaijan plans to generate 30% of its energy capacity from renewable power by 2030. Last month, Azerbaijan announced its first solar auction, seeking private support for the design, financing, operation and maintenance of a 100MW project in the eastern municipality of Gobustan.

The ministry plans to make its decision on the first phase of awarding the tender on 12 July, but offered no timeline as to when the project would be expected to be commissioned. The ministry noted that “foreign investments” would be welcome in this process, as the government looks to continue to attract overseas investors into its energy sector.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

November 20, 2025
Australia achieved a record-breaking 5.3GW of solar PV installations in 2024, marking a recovery for the market while highlighting the nation's unique position as a rooftop-dominated solar economy.
November 20, 2025
SunCable has submitted its 20GW Muckaty Solar Precinct proposal to Australia's EPBC Act for federal environmental assessment.
November 20, 2025
US independent power producer (IPP) Arevon Energy has begun construction on a 124MW solar PV project in Illinois, its first utility-scale project in the state.
November 19, 2025
Econergy Renewable Energy has successfully connected its 52MW Resko solar project in Poland to the national electricity grid.
November 19, 2025
The world invested US$554 billion into solar PV projects in 2024, leading renewable electricity generation sources, according to IRENA.
November 19, 2025
Recurrent Energy has sold its 275MWdc Gunning hybrid solar-plus-storage project in New South Wales, Australia.

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Lisbon, Portugal
Solar Media Events
June 16, 2026
Napa, USA