BAKU, Azerbaijan, April 4. Agreements on three solar energy projects were signed in Baku as part of the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the 3rd Ministerial Meeting of the Green Energy Advisory Council.
Energy Minister Parviz Shahbazov and CEO of the company Eldar Mammadzade signed the Investment Agreement relating to the “Ufuq” Solar PV Project with a capacity of 50 MW in the Republic of Azerbaijan between the Government of the Republic of Azerbaijan and Enerso Jabrayil LLC.
Energy Minister Parviz Shahbazov and CEO of the company Khayala Nagiyeva signed Investment Agreement relating to the “Shams” Solar PV Project with a capacity of 50 MW in the Republic of Azerbaijan between the Government of the Republic of Azerbaijan and Clean Energy Jabrayil LLC.
Deputy Energy Minister Elnur Soltanov and CEO of Nobel Energy Limited Vugar Samadli signed Implementation Agreement relating to the Assessment, Development and Implementation of 30 MW Solar Plant in the Republic of Azerbaijan (Nakhchivan Autonomous Republic) between the Ministry of Energy of the Republic of Azerbaijan and Nobel Energy Limited.
As a result of the implementation of the projects that are of importantance in terms of the development of the green energy zone, an annual output of 268 million kWh of electricity is expected, which will allow saving 59 million cubic meters of gas and reducing 128 000 tons of carbon emissions.