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)
Bechtel will handle the design and construction of Rio Tinto’s latest solar initiative at the Kennecott site in Utah. (Image Credit/Source: Pixabay/Pexels)
Ameresco will design, build, and maintain the solar project at UCI Health over a 25-year power purchase agreement. (Image Source: Ameresco)
The $290M financing will support Pine Gate’s 225 MW solar projects across two southern US states. (Image Source: Pine Gate)
The 33 MW hybrid solar-wind plant in Maharashtra will power Equinix’s expanding digital infrastructure needs. (Image Source: CleanMax)