Azerbaijan awards 100 MW of solar with lowest bid of $0.0354/kWh
China’s Huantai Energy Co., Ltd. has secured a contract to build 100 MW of solar in eastern Azerbaijan, after submitting the lowest bid of $0.0354/kWh in the country’s first renewables auction.
ADB to provide $160 million to finance 760 MW of solar in Azerbaijan
The Asian Development Bank (ADB) has agreed on a $160 million financing package for two solar projects in southeastern Azerbaijan, totaling 760 MW. Abu Dhabi-based Masdar is co-developing the project with a subsidiary of State Oil Company of Azerbaijan (Socar).
Azerbaijan breaks ground on 240 MW solar plant
Work is underway on a 240 MW solar project in southwestern Azerbaijan following the signing of an investment agreement and land lease agreement. It is being developed under an executive agreement between the Azerbaijan Ministry of Energy and energy giant BP.
Azerbaijan gives green light to 760 MW of solar
Azerbaijan has approved the construction of two new solar plants totaling 760 MW in the southeastern part of the country. Abu Dhabi Future Energy Co. (Masdar) will oversee the development of the projects.
Azerbaijan, Kazakhstan, Uzbekistan plan energy interconnection
Ministers from Kazakhstan, Azerbaijan and Uzbekistan have agreed to connect their energy systems. They will lay an energy cable along the bottom of the Caspian Sea to facilitate the sale of green energy to Europe.
Azerbaijan announces first solar auction
Azerbaijan has revealed plans for its first renewables auction, in order to facilitate the design, financing, construction and operation of a 100 MW solar plant. Applicants can contact the Ministry of Energy from April 30 to participate in the first of two auction stages.
Masdar to roll out 1 GW of PV, wind in Azerbaijan
Masdar, the Abu Dhabi-based utility-scale PV project developer, has signed contracts to develop three solar and onshore wind projects in Azerbaijan, with a total capacity of 1 GW.
Masdar begins work on 230MW solar park in Azerbaijan
Construction on the project is planned to be finalized by the end of this year. The solar facility will likely supply power to the nearby located Garadagh Industrial Park.
The Hydrogen Stream: Hydrogen highway through Central Europe
Elsewhere, the German government wants to allow the testing of hydrogen production from offshore electricity, while a French consortium intends to promote the use of hydrogen at airports and build a European airport network to accommodate future hydrogen aircraft. Furthermore, the Port of Rotterdam is increasing its efforts to become a hydrogen hub.
Solar could help Azerbaijan consolidate gains in Nagorno Karabakh after recent conflict
That was just one of the revelations of the latest Dentons’ Guide to renewables investment in Europe, which also noted solar plants could be switched off in Slovakia, Ireland could go either way on clean power pricing, and Luxembourg is struggling with a surprising headache.
