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    EBRD to allocate $105 million for the construction of a wind farm in Azerbaijan


    June 22, 2022 - Turan Information Agency

     

      Baku/22.06.22//Turan: The European Bank for Reconstruction and Development (EBRD) will provide a loan in the amount of $105 million for the construction of a 240 MW wind farm in Azerbaijan. The loan borrower is ACWA Power Azerbaijan Renewable Energy Limited Liability Company, established to implement this project. The Board of Directors of the EBRD plans to approve the loan at its meeting on July 20. The total cost of the wind farm construction project is $300 million, according to the EBRD.

      It should be noted that the groundbreaking ceremony for the Khizi-Absheron wind farm with a capacity of 240 MW was held on January 13, 2022.

      The project will install 40 turbines with a capacity of 6 MW each. Of these, 17 wind turbines will be installed in the village of Pirekyushkul in the Absheron region and 23 turbines in the village of Sitalchay in the Khizi region. -0-

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