SJSL shareholders approved 240 MW solar project in Azerbaijan

bp, SOCAR Green, ABDF, and AzerEnerji backed two linked clean energy projects in Azerbaijan, including a 240 MW solar plant and Sangachal grid connection.

By Prudhvi Rani 03 Jun 2025 in Business Bytes Project Bytes

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SJSL and AzerEnerji signed key agreements to implement a virtual power swap for Sangachal terminal and Shafag solar project in Azerbaijan. Image Source: Azerbaijan Investment Company

London-headquartered bp, a global energy company, along with SOCAR Green and Azerbaijan Business Development Fund (ABDF)—the shareholders of Shafag (Jabrayil) Solar Limited (SJSL)—have approved the final investment for a 240 MW solar plant in Jabrayil. SJSL will develop the plant, with construction beginning in 2025 and finishing by mid-2027, creating up to 400 jobs. In parallel, bp and its partners have sanctioned the $230 million Sangachal terminal electrification (STEL) project to connect the terminal to the national grid through a new substation. STEL will be completed in phases by 2028. Both projects are linked through a virtual power transfer, where AzerEnerji supplies power to the terminal equal to the solar output. Key project agreements have been signed among SJSL, AzerEnerji, and bp.

#Azerbaijan #ShafagSolarLimited #AzerbaijanBusinessDevelopmentFund #SOCARGreen #bp

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