Media

Nobel Energy and its sustainable energy subsidiary, Enerso, participated in a high-level meeting at the Ministry of Energy focused on advancing renewable energy development in the Nakhchivan Autonomous Republic. The meeting brought together Minister of Energy Parviz Shahbazov, representatives of “Azərenerji” OJSC, the Minister of Economy of the Nakhchivan Autonomous Republic Kazim Huseynaliyev, the State Agency for Renewable Energy Sources, Azerbaijan Green Energy Company (AGEC), and CEI Nakhchivan LLC.

During the meeting, discussions were held on the development of Nakhchivan in line with the strategic vision of the President of the Republic of Azerbaijan, Mr. Ilham Aliyev, regarding the “Green Energy Zone.” Participants reviewed measures aimed at expanding the use of renewable energy sources in the Autonomous Republic, establishing modern grid infrastructure, and strengthening the energy system. Work carried out within the energy component of the Zangezur corridor, including the integration of energy systems and the prospects for electricity exports from Nakhchivan, was also discussed. Cooperation with “CEI Nakhchivan” LLC and “Enerso” LLC on the construction of 50 MW solar power plants in Nakhchivan was assessed as an important milestone within the country’s green energy agenda.

Minister of Energy Parviz Shahbazov stated: “The broad application of renewable energy sources is one of the priority directions in the strategic course of the Head of State, aimed at strengthening the energy security of the Nakhchivan Autonomous Republic, accelerating its sustainable socio-economic development, and transforming it into a regional center for energy production and export. Currently, renewable energy sources account for 44 percent of installed electricity generation capacity and 36.4 percent of electricity production in Nakhchivan. The ‘Shams 1’ and ‘Western Horizon’ (Qərbi Üfüq) solar power plants, representing the first examples of private investment in the renewable energy sector in Nakhchivan, with a total investment value exceeding AZN 60 million, will make a significant contribution to establishing a green development model in the region.”

Eldar Mamedzadeh, Chief Commercial Officer of Nobel Energy, stated: “We are proud to align with the ‘Green Energy Zone’ initiative in Nakhchivan, reinforcing our commitment to renewable energy integration through the development of solar power plants. Nobel Energy remains dedicated to driving this transition, delivering essential infrastructure that will foster long-term sustainable economic growth across the region.”

Following the meeting, an Investment Agreement, Power Purchase Agreement, and Grid Connection Agreement were signed between the Government of the Republic of Azerbaijan, “Azərenerji” OJSC, and Enerso LLC for the 25 MW “Western Horizon” (Qərbi Üfüq) Solar Power Plant project. The Investment Agreement was signed on behalf of the Government of Azerbaijan by Minister of Energy Parviz Shahbazov, while the Power Purchase and Grid Connection Agreements were signed by Baba Rzayev, President of “Azərenerji” OJSC.

Upon implementation, the projects are expected to generate approximately 122 million kWh of electricity annually, enabling savings of 26 million cubic meters of natural gas and reducing carbon emissions by 57,000 tons per year.

On October 28, President of the Republic of Azerbaijan Ilham Aliyev laid the foundation of the “Ufug” Solar Power Plant in Shahvalli village, the Jabrayil district — marking an important milestone in the country’s renewable energy development.

Nobel Energy’s senior leadership participated in the Türkiye–AzerbaijanIV Energy Forum held in İzmir, a key event bringing together stakeholders fromboth countries’ energy sectors to strengthen bilateral cooperation andinnovation.

We are pleased to announce that on June 2, during Baku Energy Week, Enerso Jabrayil signed several key agreements—a Power Purchase Agreement (PPA), a Transmission Connection Agreement (TCA), a Land Lease Agreement, and a Balancing Agreement. These agreements are part of the framework established under the Investment Agreement signed with the Ministry of Energy on April 4, 2025, for the development of the 50 MW ‘Ufug’ (Horizon) Solar Power Plant in the Jabrayil district.

Nobel Energy has signed a Memorandum of Understanding (MoU) with the General Company for Carbon Economics under the Iraqi Ministry of Environment, establishing a framework for cooperation on climate action, environmental projects, and sustainable development in Iraq. The MoU was signed during the First International Conference on Carbon Economics held in Baghdad.

We are pleased to inform that the Ministry of Energy of the Republic of Azerbaijan and Nobel Energy have signed two significant agreements.