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.

Read Next

December 19, 2025
The US House of Representatives has passed a permitting reform bill reducing the environmental scrutiny on large energy projects.
December 19, 2025
'The UK market has matured,' Guy Lavarack, chief investment officer at the Luminous Energy Group, tells PV Tech Premium this week.
Premium
December 19, 2025
PV Talk: Luminous Energy's Guy Lavarack says that interface risk, grid risk and talent risk are all key risk factors in Europe.
December 18, 2025
The latest edition of our print journal, PV Tech Power, is out today and available to download, where we deep dive into PV quality assurance.
Premium
December 18, 2025
PV Talk: Paul Gebhardt of Fraunhofer ISE discusses reliability issues facing advanced PV modules, an issue which isn't going anywhere.
December 17, 2025
JA Solar is a lead partner in a joint venture that broke ground this week on a new 2GW solar PV cell, 2GW module and 1GWh energy storage manufacturing facility in Egypt.

Upcoming Events

Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
November 24, 2026
Warsaw, Poland