Masdar to develop 4GW of renewable energy plants in Azerbaijan
Masdar has signed two implementation agreements with the Ministry of Energy of the Republic of Azerbaijan to develop clean and renewable energy projects in Azerbaijan.
The combined capacity of the projects will be 4,000 MW with the right to develop an additional 6,000 MW as a second phase. The first agreement incorporates the development of 1,000 MW of onshore wind projects and 1,000 MW of solar photovoltaic projects, including measures to study and strengthen the network and implement processes for electricity export. The second agreement covers 2,000 MW of integrated offshore wind and green hydrogen projects, including measures to create wind power for production and export purposes, decarbonization, hydrogen production, and export.
Country updates
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March 03, 2021
Azerbaijan eyes PPP for a new Purpose Build Student Accommodation
Government of Azerbaijan considers procurement of a new Purpose Build Student Accommodation for the century-old Azerbaijan State Oil and Industry University (ASOIU) in Baku under the current BOT frame...
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June 12, 2019
Government of Azerbaijan is seeking consultants for development of the PPP strategy and Legislation
The Small and Medium Business Development Agency in Azerbaijan has requested the European Bank for Reconstruction and Development (EBRD) to provide technical assistance to support the design...
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September 03, 2018
Transaction advisors sought for student accommodation PPPs in Azerbaijan
IMC Worldwide has published a call for applications for a transaction advisory assignment for two student accommodation PPP projects in Azerbaijan. Appointed by the Asian Development Bank (ADB),...
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March 23, 2017
HRADF relaunches tender for the sale of a 66% stake in DESFA
Hellenic Republic Asset Development Fund (HRADF) has announced it will re-launch a new international tender for the sale of a 66% majority stake in Greece's natural gas transmission system op...
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