Masdar starts building 230-MW solar farm in Azerbaijan

Solar panels. Author: Chris Baird. License: Creative Commons. Attribution 2.0 Generic

March 21 (Renewables Now) - Abu Dhabi Future Energy Company PJSC (Masdar) announced that it has launched the construction of the 230-MW Garadagh solar farm in Azerbaijan, and signed new agreements to promote clean energy projects in the Eurasian country.

Garadagh is Azerbaijan’s first foreign investment-based independent solar power project, according to the UAE renewables company. The Abu Dhabi Fund for Development, a government agency, acted as a key finance partner for the project, Masdar said.

The solar farm site is located 9 kilometres northwest of the Alat settlement. Masdar expects Garadagh to reach commercial operation in 2023, and produce around 0.5 TWh per year.

While in Azerbaijan, Masdar took the opportunity to sign four memoranda of understanding (MoUs) with different parties, all related to the clean energy development, the company further stated.

"We look forward to building on our presence here in Azerbaijan, and helping the nation achieve its renewable energy objectives through these agreements,” Mohamed Jameel Al Ramahi, the CEO of Masdar, said in a statement.

Azerbaijan has the potential for an estimated 23,040 MW of solar energy, Masdar added, citing data from the International Renewable Energy Agency (IRENA).

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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