Azerbaijan allocates 100 MW of solar capacity on first RES auction
Azerbaijan allocates 100 MW of solar capacity on first RES auction

Azerbaijan has concluded its first renewable energy auction, allocating 100 MW of solar capacity. The tender was conducted by the Azeri Ministry of Energy with technical assistance from the European Bank for Reconstruction and Development (EBRD), where the Chinese group Universal International Holding Limited submitted the lowest bid, with a competitive tariff of US$3.54c/kWh. The company will now start working towards the commissioning of a 100 MW solar power plant in the Garadagh region (Eastern Azerbaijan). The project is expected to come online in 2027. Read More   

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