Masdar to develop up to 10GW of renewables in Azerbaijan in two phase agreement

Facebook
Twitter
LinkedIn
Reddit
Email
Masdar is targeting 50GW of renewable capacity by 2030. Image: Masdar.

UAE-owned renewable energy company Masdar has penned an agreement with the Ministry of Energy of the Republic of Azerbaijan to develop up to 10GW of renewables in the country as Masdar continues to expand its international presence.

Announced yesterday, the agreement, which Masdar said was the “largest such signing in Azerbaijan’s history”, will see the company develop both solar and wind projects with a combined capacity of 4GW, with the right to develop an additional 6GW in a later second phase.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Two implementation agreements have been signed for the first phase. The first related to 1GW of solar PV and 1GW of onshore wind projects. The second covers integrated offshore wind and green hydrogen projects with a capacity of 2GW. Details on the second phase were not disclosed.

“Today’s announcement also underscores the UAE and Masdar’s position as a global leader in renewable energy, as we progress our strategy toward a portfolio of at least 100GW globally,” Sultan Ahmed Al Jaber, minister of industry and advanced technology and chairman of Masdar, said.

Under the agreement, meanwhile, Masdar will explore opportunities to “implement processes for the export of electricity”, it said in a media statement, adding that the second phase also includes measure to export power outside of Azerbaijan.

Masdar – which is targeting 50GW of renewables by 2030 – has signed a number of notable international projects this year. In April, it signed a Memorandum of Understanding (MoU) with Kyrgyzstan’s Ministry of Energy to explore the development of 1GW of renewables, and in January it set up a new joint venture (JV) to focus on developing renewables across Eastern Europe, Central Asia and Africa with an initial pipeline of 8GW.

Finally, also in January, Masdar signed an MoU with three other energy companies to develop 1.2GW of solar in Indonesia that is intended to export electricity to Singapore.

The above announcements followed a restructuring of the company’s ownership. In December last year, the UAE government announced Abu Dhabi energy companies TAQA, ADNOC and Mubadala would join forces as shareholders in Masdar.

Read Next

August 8, 2025
This week several solar developers have raised funds for projects around the world, including BRUC in Europe, Greenalia in the US, Qair in Mauritius and CREC in Philippines.
August 8, 2025
German renewable energy developer ib vogt has officially broken ground on a 99MWp solar PV power plant in South Cotabato, the Philippines.
August 7, 2025
US-based floating solar (FPV) developer D3Energy is constructing a 6MW floating solar system in Monroeville – a village in Huron County, Ohio. 
August 7, 2025
Infinity Power has signed two concession agreements with the Government of Côte d'Ivoire for PV projects with a total capacity of 80MWac.
Premium
August 7, 2025
July 2025, the peak of the Australian winter season, saw generation from utility-scale and rooftop solar increase by 12.78% year-on-year in the National Electricity Market (NEM).
August 7, 2025
Despite severe flooding in the Waiotahe Valley in New Zealand, Lodestone Energy has confirmed that its 42MW Te Herenga o Te Rā solar PV power plant has continued operations.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines