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Azerbaijan has announced its first solar auction and will seek private support for the design, financing, operation and maintenance of a 100MW project in the eastern municipality of Gobustan.

2024-05-07

Applicants can request eligibility documents from the Ministry of Energy from 30 April, and will need to supply completed proposals by 14 June. The ministry plans to make its decision on the first phase of awarding the tender on 12 July, but offered no timeline as to when the project would be expected to be commissioned. The ministry noted that “foreign investments” would be welcome in this process, as the government looks to continue to attract overseas investors into its energy sector. These include the European Bank for Reconstruction and Development (EBRD), a joint venture involving the EU, European Investment Bank and 73 member states, including Azerbaijan. The EBRD has invested considerably into Azerbaijan, having committed more than €3.7 billion (US$3.95 billion) into 189 projects in the country, including US$21.4 million towards the Garadagh solar project, which is owned by Masdar.