Energy
Azerbaijan launched its first renewable energy auction for a 400 MW solar tender with EBRD support, signaling long-term renewable role in the national energy strategy.
The auction introduces competitive bidding processes and support mechanisms for renewable project development, establishing legal foundations per 2021 renewable energy law.
EBRD supports Azerbaijan's goal reaching 30 percent renewables by 2030. These represent the first major utility-scale energy projects in the Caucasus region.
The auction mechanism ensures transparent project allocation while attracting international investment. This systematic approach demonstrates committed renewable energy development beyond individual project announcements.
