renewable energy

Azerbaijan to Commission 11 Power Plants Totaling 2 GW by End of 2027

Energy Minister Parviz Shahbazov announced that under the first phase of renewable energy development, 11 power plants with a combined capacity of about 2 GW will be commissioned by the end of 2027.

ICIEC and SOCAR Green Discuss Insurance for Green Investments in Azerbaijan

The Islamic Corporation for the Insurance of Investment and Export Credit and SOCAR Green discussed cooperation in renewable energy, including insurance instruments to attract green investments.

PASHA Bank Allocates 36.8 Million Manats to Green Loans

PASHA Bank's green loan portfolio has reached 36.8 million manats. The bank served as the main financial partner for the Shams-1 solar project in Nakhchivan.

ADB to Provide $50 Million for Green Projects in Turkey via Yapı Kredi Leasing

The Asian Development Bank has signed an agreement with Yapı Kredi Leasing to finance renewable energy and sustainable development projects in Turkey.

SOCAR cuts CO2 emissions by 1 million tons, issues $200 million green bonds

In 2025, SOCAR reduced greenhouse gas emissions by 1 million tons of CO2 equivalent and issued $200 million in green bonds for renewable energy projects.