Azerbaijan’s State Oil Company (SOCAR) and the United Arab Emirates’ Masdar have entered into a partnership to develop renewable projects in Azerbaijan, including 2 GW of offshore wind and green hydrogen projects, as well as 1 GW of onshore wind and 1 GW of solar PV projects. The projects are intended to support the reduction of greenhouse gas (GHG) emissions in Azerbaijan, which aims to increase the share of renewable energy in its installed electric capacity to 30% by 2030 (17% in 2020).
As of the end of 2021, solar and wind power remained marginal in Azerbaijan, with 40 MW and 67 MW respectively. Hydro represented 15% of the country’s installed capacity with nearly 1.2 GW (2021). Masdar is currently developing the 230 MW Garadagh solar power plant project in Azerbaijan, which is expected to generate 500 GWh/year of electricity.