ENNA Group and Azerbaijan Renewable Energy Agency (AREA) signed an MoU to explore cooperation on renewable energy projects in Azerbaijan, including solar and wind opportunities.
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Counterparts (2)
Partner
ENNA Group
company
Croatian diversified industrial group founded in 2017, with over 2,000 employees, active in energy, logistics, and food sectors across 15 European countries. Key operations include natural gas trading, port and rail logistics, and renewable energy development.
Azerbaijan Renewable Energy Agency (AREA)
company
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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Deal Analysis
On 2026-03-07, ENNA Group and Azerbaijan Renewable Energy Agency (AREA) announced an MoU to explore renewable energy projects in Azerbaijan, specifically solar and wind. This partnership, with an undisclosed value, focuses on renewable energy development in Azerbaijan.
- ENNA Group and Azerbaijan Renewable Energy Agency (AREA) signed an MoU.
- Focus on renewable energy (solar, wind) projects in Azerbaijan.
- Deal announced 2026-03-07; value not disclosed.
- Transaction type: partnership.
Source Intelligence
KEY DETAILS
ENNA became the first Croatian company and among the first European companies to establish a cooperation framework with AREA. The initiative supports ENNA’s international expansion through its Energy division. The signing took place in Baku during the Twelfth Ministerial Meeting of the Southern Gas Corridor Advisory Council and the Fourth Ministerial Meeting of the Green Energy Advisory Council.
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Location
exploring cooperation on renewable energy projects in Azerbaijan. It includes assessing solar and wind opportunities while evaluating technical and economic conditions for potential investments. The signing took place in Baku during the Twelfth Ministerial Meeting of the Southern Gas Corridor Advisory Council and the Fourth Ministerial Meeting of the Green Energy Advisory Council.
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Signing
The signing took place in Baku during the Twelfth Ministerial Meeting of the Southern Gas Corridor Advisory Council and the Fourth Ministerial Meeting of the Green Energy Advisory Council.
PARTIES MENTIONED IN SOURCE
E
ENNA Group
developer
"Zagreb, Croatia headquartered ENNA Group has signed memorandum of understanding (MoU)"
A
Azerbaijan Renewable Energy Agency (AREA)
partner
"with the Azerbaijan Renewable Energy Agency (AREA)."
medium quality
Enriched Mar 7, 2026
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