ARTICLE · 08 MAY 2024

Renewables 🌞 Auction, Caspian Sea Islands 🏝️

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Auctions selecting renewable energy producers are introduced by Law, dated 31 May effective 14 July 2021, On Use of Renewables to Generate Electricity.

AzerbaijanEnergy and Natural Resources

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FIRST RENEWABLES AUCTION TO BE HELD

Auctions selecting renewable energy producers are introduced by Law, dated 31 May effective 14 July 2021, On Use of Renewables to Generate Electricity.

The European Bank for Reconstruction and Development (EBRD) reports of launching the first renewables auction, which is for a 100-megawatt solar power plant in Qobustan. Auction bidders must produce electricity exceeding the capacity limit set by the Cabinet of Ministers (absent such limit set by the Cabinet, the capacity of 100 megawatt is set by the Ministry of Energy). The auction must also determine the guaranteed tariff to be applied in the electricity sale and purchase agreement to be made with the winner.

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