Global Infrastructure SherpaAzerbaijan Renewable Energy Agency (AREA)
Azerbaijan Renewable Energy Agency (AREA) is a government agency under the Ministry of Energy of Azerbaijan, responsible for promoting and overseeing renewable energy development within the country. It is involved in projects totaling at least 710 MW across solar, wind, and hydro technologies, and engages in international cooperation to advance its mandate.
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Government AgencyDeveloperGovernmentAdvisor
Strategic Overview
- Focused on developing Azerbaijan's domestic renewable energy potential across a broad range of technologies.
- Engages in international cooperation with major development banks (EBRD, ADB, IFC) and energy agencies (IRENA, German Energy Agency) to support its mandate.
- Actively involved in the development and oversight of utility-scale renewable energy projects within Azerbaijan.
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Sign up free →Deal History (2)
Deal Activity from Public Sources
The Azerbaijan Renewable Energy Agency (AREA) and the Saudi Arabian company ACWA Power signed a cooperation agreement on the implementation of the 240 MW wind power plant project in Azerbaijan.
The Azerbaijan Renewable Energy Agency (AREA) and the UAE company Masdar signed a cooperation agreement on the implementation of the 1 GW solar power plant project in Azerbaijan.
The Azerbaijan Renewable Energy Agency (AREA) and the Chinese company China Gezhouba Group Overseas Investment Co., Ltd. signed a Memorandum of Understanding (MoU) on cooperation in the field of renewable energy.
The Azerbaijan Renewable Energy Agency (AREA) and the Japanese company TEPSCO (Tokyo Electric Power Services Co., Ltd.) signed a Memorandum of Understanding (MoU) on cooperation in the field of renewable energy.
Investment Focus
Technologies
Solar PV1
Renewable Energy1
Geography
Azerbaijan2
Track Record
710
MW Total
Notable projects: 240 MW Khizi-Absheron Wind Power Plant, 230 MW Garadagh Solar Power Plant, Solar Power Plant - 240 MW, "Khudafarin" and "Giz Galasi" Hydro Power Plants
Detailed Analysis
Technologies
Geographies
Deal Stage
Sectors
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