Kalbajar Energy LLC, a joint venture between "Clean Energy Capital" a subsidiary of "Azerbaijan Green Energy Company" (AGEC) LLC and "Baltech Green" LLC, has been established.
Renewables.az reports that AGEC has released information about this.
"This milestone marks a major step forward in Azerbaijan’s clean energy transition," the statement said.
A Memorandum of Understanding (MoU) on the construction of the Kalbajar Wind Power Plant was signed by the Azerbaijan Renewable Energy Agency under the Ministry of Energy, "Clean Energy Invest LLC," and "Baltech Green LLC" as part of COP29.
The unique project will be implemented at an altitude of 3,100 meters. "Clean Energy Invest LLC" and "Baltech Green LLC" will soon form a joint venture to begin measurement campaigns and prepare the draft project.
The wind power plant, with an initial capacity of 200-240 MW, is expected to be operational by early 2028. The project’s capacity is planned to increase to 600 MW in the future.
