BAKU, Azerbaijan, April 22. The investors of
the Shafag (Jabrayil) solar project – bp, SOCAR Green, the
Azerbaijan Business Development Fund and MVM – announced that the
project has reached a key milestone by commencing panel
installation activities at the site in the Jabrayil district of
Azerbaijan, Trend
reports via bp.
With the first solar panel installed earlier this month,
construction activities for the project continue to progress on
schedule.
"We are pleased to reach this important construction milestone.
Together with our co venturers, we are making steady progress in
Jabrayil and remain focused on delivering the project safely and
efficiently. This landmark solar development is uniquely positioned
to create value through renewable electricity generation, as well
as support the decarbonization of our operations in the region,
contributing to Azerbaijan’s energy transition efforts," said Nadir
Imanov, bp’s vice president, finance, for the Azerbaijan, Georgia
and Türkiye region.
Since the final investment decision last year, the construction
of the project has made significant progress. Procurement and
delivery of key equipment, including photovoltaic modules, piles
and structural components, have been successfully completed, and
substantial progress has been achieved on pile and tracker
installation, with around 30% of the equipment already
installed.
The project is committed to leveraging local resources and is
expected to create up to 400 jobs at the peak of construction.
Around 350 people are currently employed at the project, of whom
123 are from the surrounding liberated areas.
Construction is due to be completed in 2027. The 240MW solar
project is expected to generate ~500GWh of renewable energy
annually.
