Energy
Nobel Energy, NEQSOL Holding's key subsidiary, signed Investment Agreement for the 50 MW Ufug (Horizon) Solar PV Project in Jabrayil and Implementation Agreement for 30 MW Solar Power Plant development in Nakhchivan.
These agreements, signed during the 11th Southern Gas Corridor Advisory Council and 3rd Green Energy Advisory Council Ministerial Meetings in Baku, advance Azerbaijan's clean energy agenda.
Nobel Energy previously signed MOU with Azerbaijan's Ministry of Energy for 400 MW solar plant construction in Nakhchivan. The facility will leverage advanced solar technology generating clean, reliable electricity.
The Nakhchivan project aims to use vast green energy potential supplying both Turkey and domestic markets. This cross-border dimension enhances regional energy integration prospects.
Nobel Energy's projects demonstrate private sector growing role in Azerbaijan's renewable energy development, complementing state-led initiatives and international partnerships with major energy companies.
