President of Azerbaijan, Tahnoon Bin Zayed Witness Masdar Agreement to Explore New Renewable Energy Projects, Round-the-clock Power Opportunities
Sumaira FH
Published September 15, 2026 | 08:00 PM
BAKU, (UrduPoint / Pakistan Point News / WAM – 15th Sep, 2026) In the presence of Ilham Aliyev, President of the Republic of Azerbaijan, and H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, signed a collaboration agreement with Azerbaijan Green Energy Company (AGEC) to explore the development of new renewable energy projects in Azerbaijan.
Masdar and SOCAR Green also announced they have reached financial close on the 315MW Neftchala Solar PV project.
The collaboration agreement includes plans to:
- Explore the potential expansion of Masdar’s 230-megawatt (MW) Garadagh Solar PV by a minimum of 350MW, together with the addition of a battery energy storage system (BESS) of up to 200 megawatt-hours (MWh).
- Explore the development of a 100MW round-the-clock (RTC) renewable energy project.
The project would build on Masdar’s pioneering work in Abu Dhabi, where it is developing a world-first US$6.1 billion gigascale RTC renewable energy project.
The agreement was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Khayala Naghiyeva, Deputy Chairman of the Executive board of AGEC.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, stated:
“Garadagh established a strong foundation for Masdar in Azerbaijan and demonstrated our ability to deliver large-scale renewable energy projects successfully. This agreement with AGEC gives us the opportunity to build on that track record by expanding the project, integrating battery storage and exploring round-the-clock renewable power. By combining our development, technical and operational expertise, we aim to deliver reliable, flexible energy solutions that support Azerbaijan’s growing power needs.”
Mir Jamal Pashayev, Chief Executive Officer of Azerbaijan Green Energy Company, expressed:
“AGEC represents our long-term commitment to supporting Azerbaijan’s transition toward a more diversified, secure and sustainable energy future. We believe that the development of renewable energy is not only an investment opportunity, but also an important contribution to the country’s economic resilience, energy security and future generations. We see significant potential for collaboration with leading global energy companies, and we are particularly pleased to explore opportunities for cooperation with Masdar, one of the world’s leading renewable energy companies. We believe that combining international expertise with Azerbaijan’s strong renewable energy potential can accelerate the development of high-quality projects. Through AGEC, we”
