The operation of the 445 MW Bilasuvar Solar PV and the 315 MW Neftchala Solar PV in Azerbaijan is anticipated to potentially commence next year, as stated by Maryam Rashed Al Mazrouei, Head of Business Development and Investment for the CIS Region at Masdar, during the 58th Annual Meeting of the Asian Development Bank (ADB) in Milan, reported TurkicWorld.

Source: Turkic World

Moreover, Maryam Rashed Al Mazrouei emphasized that Masdar is particularly active in Azerbaijan.

These are already under construction, so they will start operation next year. We've achieved financial close, which we announced during COP29 at Baku. And currently, the projects are under construction. It will take a year or a year and a half for construction, so potentially next year we will start the operation of the projects. They will start at full capacity

^{she said}

In June 2024, Masdar and SOCAR initiated three significant solar and wind projects in Azerbaijan, with a combined capacity of 1 gigawatt (GW).

These projects include:

• 445 MW Bilasuvar Solar PV Project
• 315 MW Neftchala Solar PV Project
• 240 MW Absheron-Garadagh Onshore Wind Project

Azerbaijan is a core country as part of our strategy. We developed the first project, the solar PV, we're currently advancing the other three projects, but we're actively engaging with the ministries, with the private sectors to advance our development and our footprint in the country

^{she added}

Investment agreements for these initiatives were established in October 2023, leading to the signing of Power Purchase Agreements, Transmission Connection Agreements, and Land Lease Agreements.