• $
  • €
  • ₽
  • ₺
  • £

President Ilham Aliyev inaugurates 100 MW Gobustan Solar Power Plant

President Ilham Aliyev inaugurates 100 MW Gobustan Solar Power Plant
16.09.2026 18:00

President of the Republic of Azerbaijan Ilham Aliyev attended the official inauguration of the 100 MW Gobustan Solar Power Plant in the Garadagh district of Baku on September 16. The head of state was welcomed by Minister of Energy Parviz Shahbazov, Chinese Ambassador to Azerbaijan Lu Mei, and Yi Nan, Chief Executive Officer of Universal International Holdings Limited.

Spanning 300.77 hectares in the Pirsaat settlement, the facility represents Azerbaijan’s first renewable energy project awarded via a competitive auction process, executed by Shanghai-based Universal Energy.

The facility is projected to generate roughly 200 million kilowatt-hours of electricity annually, conserving 45 million cubic meters of natural gas and preventing 97,000 tons of carbon dioxide emissions. With Gobustan operational, Azerbaijan's total renewable energy capacity expands to 2,170 MW across 85 plants, accounting for approximately 20.8% of aggregate generation capacity.

The government targets bringing an additional 1.5 GW of renewable capacity online by the end of 2027.

Facebook
Go
Similar news
Similar news
Yelo Bank updates pre-trip inspection payments: VAT option added
Business 14:33
Yelo Bank updates pre-trip inspection payments: VAT option added
Russia Caps Cash Outflows to Azerbaijan and Regional States at 1 Million Rubles
Business 14:30
Russia Caps Cash Outflows to Azerbaijan and Regional States at 1 Million Rubles
Azerbaijan’s Monetary Base Surpasses 25 Billion Manats — CBA
Business 14:00
Azerbaijan’s Monetary Base Surpasses 25 Billion Manats — CBA
Azerbaijan’s Azeri Light Crude Drops Sharply on Global Markets
Business 12:00
Azerbaijan’s Azeri Light Crude Drops Sharply on Global Markets
Oil Prices Advance on Global Exchanges: Brent Tops $105 per Barrel
Business 11:33
Oil Prices Advance on Global Exchanges: Brent Tops $105 per Barrel
Bank Respublika and AccessBank announce the successful completion of a strategic transaction
Business 11:18
Bank Respublika and AccessBank announce the successful completion of a strategic transaction
Natural Gas Futures Rise on NYMEX for December Delivery
Business 11:00
Natural Gas Futures Rise on NYMEX for December Delivery
Precious Metals Fall on NYMEX/COMEX Trading
Business 10:29
Precious Metals Fall on NYMEX/COMEX Trading
Central Bank of Azerbaijan Releases Official Exchange Rates for Today
Business 09:59
Central Bank of Azerbaijan Releases Official Exchange Rates for Today
Anews TV

Our official Youtube channel

Subscribe