JA Solar (China) has been selected to supply 1 GW of solar modules for the Banka (315 MW) and Bilasuvar (445 MW) solar power projects in Azerbaijan being developed by Masdar (United Arab Emirates). The two projects, which are developed by Masdar in partnership with the country’s national oil company SOCAR, secured a US$160m financing from the Asian Development Bank in November 2024.
Solar accounts for 4% of Azerbaijan’s installed capacity, with 292 MW at the end of 2024.