Within the COP29, a groundbreaking ceremony of the Shafag Solar Power Plant with a capacity of 240 MW was held in Jabrayil. This station is the first utulity-scale solar energy and the largest foreign direct investment project implemented in the liberated territories. The project is being implemented on the basis of an Implementation Agreement signed between the Ministry of Energy and bp on 3 June 2021.

At the groundbreaking ceremony, an Investment Agreement was signed between the Government of the Republic of Azerbaijan and Shafag (Jabrayil) Solar Limited and a Land Lease Agreement between the Ministry of Energy of the Republic of Azerbaijan and Shafag (Jabrayil) Solar Limited.

And then, symbolically, the first solar panel of the station was signed. SOCAR and Azerbaijan Investment Company also attended the signing. The annual average production of Shafag SPP is estimated to be around 500 million kWh. It means that 120-150 million cubic meters of natural gas will be saved annually, and 260-330 thousand tons of CO2 emissions will be reduced.

“Caspian Energy Media” reports with reference to the Ministry of Energy.