Deals Counterparts

Khizi-Absheron Wind Power Plant and Garadagh Solar Power Plant contribute to renewable energy mix

Development Solar|Wind announced Azerbaijan Feb 19, 2026
Khizi-Absheron Wind Power Plant
Project

The Khizi-Absheron Wind Power Plant and the Garadagh Solar Power Plant were highlighted for their contribution to increasing the share of renewables in the national energy mix. Rustam Gasimov, Deputy Chairman of the Board of Directors of AzerEnergy OJSC, briefed participants on the integration of renewable energy power plants into the national electricity grid and efforts to strengthen network infrastructure.

Deal Analysis

The announced development of the Khizi-Absheron Wind Power Plant and the Garadagh Solar Power Plant in Azerbaijan signifies a strategic push to diversify the nation's energy mix by integrating renewable energy sources. AzerEnergy OJSC, the national electricity company, is playing a key role in integrating these plants into the national grid and reinforcing the necessary network infrastructure. The involvement of '25 soggetti rappresentativi dell’intero tessuto socio-economico' as the developer suggests a broad-based, potentially public-private partnership approach to these projects. While specific details regarding capacity and financial value remain undisclosed, the announcement highlights Azerbaijan's commitment to expanding its renewable energy portfolio. The focus on grid integration and infrastructure strengthening is crucial for ensuring the reliable and efficient delivery of renewable energy to consumers. The success of these projects will likely serve as a benchmark for future renewable energy developments in the region and could attract further investment in Azerbaijan's clean energy sector.
  • Focus on integrating wind and solar power into the national grid.
  • Involvement of AzerEnergy OJSC, the national electricity company.
  • Participation of a broad group of stakeholders as the developer.
  • Emphasis on strengthening network infrastructure to support renewable energy integration.
Market Context: The deal takes place within the context of a global push towards renewable energy adoption and energy transition. Azerbaijan, like many nations, is seeking to reduce its reliance on fossil fuels and diversify its energy sources to ensure energy security and meet environmental targets. The development of wind and solar power plants aligns with this broader trend.

Source Intelligence

KEY DETAILS

The meeting reviewed progress of renewable energy projects and set priorities for the coming years. "The Commission Secretariat presented a detailed report on completed and planned renewable energy projects through 2025."

Location
Azerbaijan reviews progress on renewable energy projects at ministerial meeting
Announcement
19 February 2026
PARTIES MENTIONED IN SOURCE
A
AzerEnergy OJSC N/A

"Rustam Gasimov, Deputy Chairman of the Board of Directors of AzerEnergy OJSC, briefed participants on the integration of renewable energy power plants into the national electricity grid and efforts to strengthen network infrastructure."

medium quality Enriched Feb 23, 2026

Timeline

Announced
Feb 19, 2026
Signed
Closed

Market Context

This deal is part of the Solar|Wind sector in Azerbaijan.
5
Solar|Wind deals
4
deals in Azerbaijan
1 of 5 Solar|Wind deals tracked this month · Updated daily

Stay informed

Weekly infrastructure deal intelligence — PPAs, acquisitions, data centers, and more.

Subscribe to Newsletter