We are pleased to inform that the Ministry of Energy of the Republic of Azerbaijan and Nobel Energy have signed two significant agreements – the Investment Agreement on the 'Ufug' (Horizon) 50 MW Solar PV Project in Jabrayil and an Implementation Agreement to develop a 30 MW Solar Power Plant in Nakhchivan – advancing the country’s clean energy agenda.

The Investment Agreement was signed by Energy Minister Mr. Parviz Shahbazov and Chief Commercial Officer Nobel Energy, Eldar Mamedzadeh, who is also the CEO of enerso, Nobel Energy's Sustainable Energy subsidiary.

The ‘Ufug’ (Horizon) 50 MW Solar Power Plant is aimed at contributing to the region’s green energy transition and supporting local economic growth. Once fully operational, the plant is expected to generate approximately 110 million kilowatt-hours of clean electricity annually, enough to power a moderately scaled industrial facility, significantly reducing its carbon footprint. In addition to its environmental advantages, the project will have a significant impact on local employment, with over 300 individuals engaged during construction and around 50 permanent jobs created upon commissioning.

An Implementation Agreement to develop a 30 MW Solar Power Plant in Nakhchivan was signed by Mr. Elnur Soltanov, Deputy Energy Minister and Vugar Samadli, CEO Nobel Energy. This agreement marks a significant step forward in delivering on the MoU signed previously for the development of a 400MW solar power facility in the region.

The project, developed under a Build-Own-Operate model, includes the full lifecycle – assessment, design, financing, engineering, procurement, construction, commissioning, operation, and maintenance – of the solar power plant. The energy generated will support local consumption, underscoring Nakhchivan’s strategic role in regional energy security.

Eldar Mamedzadeh said: "These agreements reflect our deep commitment to supporting Azerbaijan’s green energy transition and strengthening the region’s energy resilience. By developing these clean energy projects, we are not only helping reduce carbon emissions but also unlocking sustainable economic opportunities. With a dedicated team of engineers, designers, and technicians, we are committed to ensuring the highest standards of efficiency and safety in delivering solar power solutions of any scale. The Ministry’s trust in Nobel Energy to deliver such a vital project is a testament to our proven capabilities, and we are proud to lead this step toward a cleaner and more secure energy future."

Both agreements were signed on 4 April, in Baku, during the high profile 11th Southern Gas Corridor and 3rd Green Energy Advisory Council Ministerial Meetings.

Nobel Energy Group, part of NEQSOL Holding, is an Integrated Energy Production, Development and Services Company committed to contributing to the global transition towards a sustainable and low-carbon future. By leveraging trusted expertise, integrated solutions, advanced technology, strategic partnerships, and a strong focus on innovation, Nobel Energy has positioned itself as a reliable partner in delivering complex and sustainable infrastructure projects across the globe.