Source anticipates new renewable projects
The Emirati clean energy company "Masdar" has signed an agreement with Azerbaijan Green Energy "AJE" to study the development of new renewable energy projects in Azerbaijan. These projects include increasing the capacity of the "Karadagh" solar power plant from 230 to over 580 Megawatts by adding 350 Megawatts and equipping it with a battery energy storage system with a capacity of up to 200 Megawatt-hours. The partnership is also exploring the development of a 100-megawatt continuous renewable energy project, leveraging Masdar’s expertise in sustainable energy projects. Additionally, a financial closing has been announced for the "Neftchala" solar energy project, with a capacity of 315 Megawatts, expected to generate 686 million kilowatt-hours annually and achieve savings in emissions of 280,000 tons of carbon each year. These agreements aim to enhance the resilience of Azerbaijan's energy system, ensure reliable power generation, and utilize advanced storage solutions, as part of the country’s efforts to diversify energy sources and promote sustainability.
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