PVTIME – Masdar has secured a new collaborative agreement with the Azerbaijani private developer AGEC to advance a portfolio of renewable energy projects in the country. The partnership includes plans to expand Masdar’s operational 230MW Garadagh solar facility, with a minimum capacity extension of 350MW and integrated battery energy storage of up to 200MWh. The two companies will also explore developing a 100MW baseload renewable energy scheme designed to provide a continuous power supply.
Launched in 2023, the Garadagh solar plant marked Masdar’s entry into the Azerbaijani market. As the nation’s first foreign-invested, standalone, utility-scale solar asset, the facility generates sufficient power to meet the electricity demand of over 110,000 local households. The proposed 100MW baseload project will adopt technical and operational expertise from Masdar’s gigawatt-scale solar and storage scheme in Abu Dhabi. The Abu Dhabi project successfully reached financial close in July 2025 and delivers consistent, dispatchable baseload renewable power at up to 1GW around the clock. Its operational model is set to be replicated to stabilise the clean energy supply across Azerbaijan.
Masdar has confirmed the financial completion of its 315MW Neftchala photovoltaic project in south-east Azerbaijan. This development is expected to provide electricity to around 140,000 households and is being carried out in partnership with SOCAR Green, a wholly owned subsidiary of Azerbaijan’s state oil company SOCAR. The project has also received official support from the country’s Ministry of Energy. The scheme has been jointly funded by multilateral financial institutions, including the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development, and the Asian Development Bank.
Masdar and Socar Green are jointly developing two further renewable projects: a 445MW solar installation in Bilasuvar and a 240MW onshore wind farm. Once all ongoing and pipeline assets are fully completed, Masdar’s total installed renewable energy capacity in Azerbaijan will exceed 1.2GW.
Khayala Naghiyeva, Deputy Chair of AGEC’s Executive Board, has recognised the strategic importance of this new collaboration. This partnership is recognised as a critical step in combining renewable power generation and energy storage in order to build a more resilient national energy infrastructure. It is expected to convert emerging renewable opportunities into viable, high-impact, bankable projects that will support Azerbaijan’s long-term sustainable energy development goals.
