Azerbaijan s rural areas with solar photovoltaic panels

What is the economic potential of solar energy in Azerbaijan?

Azerbaijan’s economic potential of solar energy is 23 GW. The region's favourable climate, boasting 2,400-3,200 hours of sunshine annually, gives Azerbaijan strong potential as a solar energy producer. In October, the 230 MW Garadagh Solar PV Plant was inaugurated.

Can Azerbaijan be a solar energy producer?

The region's favourable climate, boasting 2,400-3,200 hours of sunshine annually, gives Azerbaijan strong potential as a solar energy producer. In October, the 230 MW Garadagh Solar PV Plant was inaugurated. Several other projects are underway, and the country continues to sign agreements with stakeholders interested in its solar energy.

Is Azerbaijan launching a solar PV project?

In January 2020, Masdar signed an implementation agreement to develop a utility-scale solar photovoltaic (PV) project in the Republic of Azerbaijan. The 230-megawatt (MWac) Garadagh (Area 60) Solar PV Plant is the country’s first foreign investment-based independent utility scale solar project structured as a public-private partnership.

Does Azerbaijan need a solar power plant?

The solar power plant has also created new jobs for the local community. Azerbaijan is targeting to increase its installed power capacity to 30 percent from renewable sources by 2030, as the country looks to diversify its economy and reduce greenhouse gas emissions.

What is Azerbaijan's wind and solar potential?

That includes 23,000 megawatts of solar energy, 3,000 megawatts of wind, 3,000 megawatts of biomass burning, and 700 megawatts of geothermal energy. The optimistic estimates for Azerbaijan’s wind and solar potential are backed up by the International Renewable Energy Agency (IRENA) in a November report.

Can Azerbaijan create a green hydrogen sector?

Azerbaijan is actively working to bring its vision of a dynamic green hydrogen sector to life. The collaboration agreements inked with global private sector actors will enable the development of around 10 GW of renewable energy in the medium term that can contribute to the production of hydrogen.