At COP29, Azerbaijan, in collaboration with bp and SOCAR, launched the 240 MW Shafag Solar Plant in Jabrayil. An Investment Agreement and Land Lease Agreement were signed between Azerbaijan’s government, Ministry of Energy, and Shafag (Jabrayil) Solar Limited. The $200 million project brings together bp, SOCAR, and the Azerbaijan Investment Company. The plant aims to generate 500 million kWh annually, saving 120-150 million cubic meters of gas and reducing CO₂ emissions by up to 330,000 tons. Using a Virtual Power Transfer Arrangement, the energy will be integrated into the grid to power the Sangachal Terminal.
Azerbaijan, bp, and SOCAR unveil 240 MW Shafag PV plant
Shafag Solar Plant will cut 330,000 tons of CO₂ emissions and save 150 million cubic meters of gas yearly. (Image Source: Ministry Of Energy of The Republic of Azerbhaijan)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: Castillo Engineering)
Annual output of 1.6B kWh from DMEGC’s fishery-PV project saves 496,400 tons of coal and cuts 1.2 million tons of CO2 emissions. (Image Source: DMEGC Solar)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: X-ELIO)
The Mockingbird Solar Center invests $500 million in renewable energy and creates 550 jobs in Texas. (Image Credit/Source: MarkStebnicki/Pexels)