BP Greenlights $200M Solar Project in Azerbaijan

• BP and partners launch a $200M solar park in Azerbaijan, transforming energy with a 240-MW project set to power the future by 2027.

BP and its joint venture partners have approved the construction of a 240-MW solar park in Azerbaijan's Jabrayil district, with a total investment of USD 200 million. BP holds a 50.01% stake in the Shafag Jabrayil Solar Limited venture, alongside SOCAR Green (39.99%) and the Azerbaijan Business Development Fund (10%). Key agreements, including a power purchase agreement and a transmission connection agreement, were signed with AzerEnerji during the Baku Energy Week event.

The Shafag solar park will connect to the Sangachal oil and gas terminal, which will be expanded to link with the national grid operated by AzerEnerji. The project, managed by BP's Lightsource bp subsidiary, is set to begin construction this year and continue until mid-2027. Once operational, the solar farm's output will be integrated into the AzerEnerji network, partially replacing the gas turbines currently powering the terminal.

What are the key details of BP's 240-MW solar park project in Azerbaijan?

• Location: Jabrayil district, Azerbaijan.
• Capacity: 240 MW.
• Total Investment: USD 200 million.
• Stakeholders: BP (50.01%), SOCAR Green (39.99%), Azerbaijan Business Development Fund (10%).
• Key Agreements: Power purchase agreement and transmission connection agreement with AzerEnerji.
• Connection: To Sangachal oil and gas terminal, expanded to link with AzerEnerji's national grid.
• Management: BP's Lightsource bp subsidiary.
• Construction Timeline: Begins this year, completion by mid-2027.
• Integration: Output to be integrated into AzerEnerji network.
• Impact: Partial replacement of gas turbines at the Sangachal terminal.