Azerbaijan plans pilot programme for floating solar installations
Azerbaijan has set a target for renewable energy to contribute 30 per cent of its total energy requirements by 2030. Earlier in 2020, Saudi Arabia's Acwa Power and the UAE's Masdar signed agreements to develop 240MW wind energy and 200MW PV solar energy projects.
Azerbaijan’s Energy Ministry has revealed that it is working with the Asian Development Bank (ADB) to develop plans for a pilot project to develop a floating photovoltaic (PV) solar programme on the Boyukshor Lake.
Planned to cover an area of 800 square metres (m2), the pilot project will have a capacity of 100kW, and is planned to provide the initial step for designing and implementing floating solar installations across the Central-Asian country.
The Ministry revealed on 13 July that Aserenergy had been appointed to provide a feasibility study on connecting the Lake Boyukshor floating solar project to existing and planned substations near the lake.
Azerbaijan, a prominent oil and gas exporter, has set a target for renewable energy to contribute to 30 per cent of its energy usage by 2030.
In January, Energy & Utilities reported that Saudi Arabia’s Acwa Power had signed an implementation agreement for a 240MW wind power project in Azerbaijan.
The Saudi developer has signed a power purchase agreement (PPA) to deliver power from the wind farm for a period of 20 years under a build-own-operate (BOO) contact.
Acwa Power signed an initial memorandum of understanding (MoU) for the project in March 2019.
Also in January, the UAE’s Masdar signed an agreement with Azerbaijan’s energy ministry to develop a 200MW PV solar independent power producer (IPP) project.
Under the agreement, Masdar will develop, build and operate the 200MW solar PV project, which will be located 75 kilometres southwest of the capital, Baku. Financial close on the project is targeted for the end of 2020, while commercial operation is expected to be achieved in 2022.
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