China Energy Engineering Corporation (CEEC) has successively signed three major photovoltaic projects in Kazakhstan, Georgia, and Azerbaijan!

On July 2, 2024, Samruk-Kazyna JSC and China Energy Overseas Investment Co., Ltd. signed a Memorandum of Understanding (MoU) on Renewable Energy at the China-Kazakhstan Business Council held in Astana. Under the agreement, China and Kazakhstan will jointly develop two major clean energy facilities in Kazakhstan to support the country’s energy transition and sustainable development goals. The project plan includes constructing a 500-MW wind power plant in the Karaganda Region and a 300-MW solar power plant in the Turkistan Region. These facilities will significantly boost local clean energy capacity and are expected to be fully operational by 2028. This agreement not only marks a new stage in bilateral cooperation in the green energy sector but also further consolidates Kazakhstan’s strategic position as a Central Asian energy hub. Signing of the EPC TS for the Rustavi 131 MW Photovoltaic Project in Georgia According to a WeChat public account post by PowerChina International Group dated November 15, during the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), PowerChina International Engineering Company and Masdar signed the EPC TS for the Rustavi 131 MW Photovoltaic Project in Baku, the capital of Azerbaijan, on the afternoon of November 13 (local time). Liu Zhuang, General Manager of PowerChina International Engineering Company, and Abdulaziz Alobaidli, Chief Operating Officer of Masdar, attended the signing ceremony. Located in the Rustavi region of Georgia, the project has a total installed capacity of 131 MW and is scheduled to commence construction in March 2025. The signing lays a solid foundation for energy cooperation between the two parties—not only in Georgia but across broader regional markets. Signing of the Implementation Agreement for the Photovoltaic Investment Project with SOCAR Green, the Green Energy Subsidiary of the State Oil Company of the Republic of Azerbaijan (SOCAR) According to report.az, on November 14, multiple agreements were signed between Azerbaijan and Chinese companies during COP29 to develop the country’s renewable energy sources (RES). The report states that, per information from the Ministry of Energy of Azerbaijan, the signed documents include an agreement between China Energy Overseas Investment Co., Ltd. and SOCAR Green for constructing a 160-MW solar power plant in the Fizuli region, as well as a MoU on renewable energy cooperation between China Energy Overseas Investment Co., Ltd. and China Datang Corporation Limited.

Azerbaijan and China have signed six documents concerning the development of renewable energy capacity.

Against the backdrop of global energy structure transformation and low-carbon development, cooperation between Azerbaijan and China in the field of renewable energy has achieved breakthrough progress. During President Ilham Aliyev’s state visit to China in April, the two sides signed six agreements covering photovoltaics, wind power, and energy storage systems—marking a new phase in the China-Azerbaijan green partnership. This article is the 28th installment of the Central Asia Industry Research series “Doing Business in Azerbaijan,” offering an in-depth analysis of industrial policies, laws and regulations, industry trends, market demand, competitive landscape, and potential business opportunities in investment, trade, and engineering construction across five Central Asian countries (Uzbekistan, Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan) and neighboring countries (Afghanistan, Azerbaijan, Georgia, Armenia, Mongolia). Implementation of Agreements: Six Cooperation Initiatives Fully Launched According to reports by the Azerbaijan State News Agency, the six cooperation documents signed by Azerbaijan and China in Beijing cover three key areas: solar power, offshore wind power, and battery energy storage. The most prominent among them is the investment agreement signed between the Azerbaijani government and Universal Solar Azerbaijan LLC—a subsidiary of Huan Tai Energy Co., Ltd.—for constructing a 100-MW photovoltaic power station in Gobustan. Meanwhile, the Azerbaijani Ministry of Energy reached consensus with China Energy Engineering Corporation (CEEC) Overseas Investment Co., Ltd. to jointly conduct feasibility assessments, development, and implementation of offshore wind power projects along the Caspian Sea coast. In addition, Azerbaijan has also entered into cooperation agreements with China Datang Overseas Investment Co., Ltd., PowerChina Overseas Investment Co., Ltd., and SOCAR Green LLC to build a 100-MW floating photovoltaic power plant and a 30-MW energy storage system at Boyukshor Lake in Baku. At the macro level, the China Electric Power Planning & Engineering Institute and the Azerbaijani Ministry of Energy signed a Memorandum of Understanding on power system planning and renewable energy development, laying a technical and policy foundation for future collaboration.

Azerbaijan Signs 23 Investment Agreements Worth $10.8 Billion

22 hours ago

Azerbaijan signed 23 investment deals totaling $10.8 billion. Key highlights include major oil and gas projects with SOCAR, TotalEnergies, and ExxonMobil aimed at boosting natural gas production by 5 billion cubic meters.

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2026-10-09

Azerbaijan Signs 23 Investment Agreements Worth $10.8 Billion

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