UAE-based Masdar has signed three investment agreements for two solar projects and one onshore wind project in Azerbaijan with combined capacity of 1-gigawatts (GW), according to a Reuters Brief.

The new agreements follow the presidential inauguration of Masdar’s first renewable energy project in Azerbaijan, the 230-megawatt (MW) Garadagh Solar Park.

The solar park is the largest project in the Central Asia region, and was co-financed by Abu Dhabi Fund for Development, Asian Development Bank, European Bank for Reconstruction and Development and Japan International Cooperation Agency (JICA).

(Writing by SA Kader; Editing by Anoop Menon)


Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.