Azerbaijan Renewable Energy Agency

What Azerbaijan Renewable Energy Agency does

The Azerbaijan Renewable Energy Agency (AREA) is a state regulatory body established by Presidential Decree No. 1159 on September 22, 2020, operating under the Ministry of Energy of the Republic of Azerbaijan. Its mandate is the formation and implementation of state policy on renewable energy sources, coordination of RE project development, attraction of foreign and domestic investment, and management of bilateral and multilateral cooperation frameworks. AREA's stated objectives include raising the share of renewable energy in installed electricity generation capacity to 30% by 2030 and transforming post-conflict liberated territories into a net-zero Green Energy Zone by 2050.

The agency's operational portfolio comprises flagship infrastructure projects — the 230 MW Garadagh Solar Power Plant (inaugurated October 2023 with Masdar at $262 million investment), the 240 MW Khizi-Absheron Wind Power Plant (with ACWA Power, ~$300 million), the 240 MW Zangilan/Jabrayil Solar Plant (with bp), the Khudafarin and Giz Galasi hydro plants (140 MW Azerbaijani share, with Iran), and a forward pipeline exceeding 20 GW including offshore wind in the Caspian, utility-scale solar, onshore wind, energy storage, green hydrogen, and bilateral green-energy export cables to Georgia, Romania, and Hungary. Supporting technical products include an RE Potential Assessment platform built on World Bank Global Solar Atlas and Global Wind Atlas data, a Renewable Energy Stations information portal, and a public-facing Solar Calculator.

AREA's revenue model is non-commercial: as a state agency it is funded through Azerbaijan's state budget and does not charge for its services. Its economic significance is indirect — it coordinates capital deployment by sovereigns, MDBs (EBRD, ADB, IFC, IRENA), and developers (Masdar, ACWA Power, bp, TotalEnergies, Fortescue, China Gezhouba, Maire Tecnimont) into Azerbaijani RE projects. Customer-facing segments are government/regulatory bodies, international investors and developers, and liberated-territory infrastructure programs; go-to-market operates through bilateral government cooperation, international energy forums, and direct engagement at the Presidential and Ministerial level.

Name

Azerbaijan Renewable Energy Agency

Legal name

Azerbaijan Renewable Energy Agency under the Ministry of Energy of the Republic of Azerbaijan

Website

https://area.gov.az

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Azerbaijan Renewable Energy Agency (AREA) is a state regulatory body under Azerbaijan's Ministry of Energy that coordinates renewable energy policy, project development, and foreign investment. It manages flagship solar, wind, hydro, and offshore projects and targets a 30% renewable energy share by 2030.

Ownership category

akta.pro rank

Product category

Renewable Energy Government Services

NAICS

Regulation and Administration of Communications, Electric, Gas, and Other Utilities (926130)

SIC

Electric Services (4911)

akta.pro primary industry

Energy, Utilities & Natural Resources Regulators (BPAIAOAJ)

akta.pro secondary industries

Grid Interconnection, Transmission Policy & Market Rules (EUAMANAC), Carbon Policy Interface for Renewables (ETS/Offsets/Carbon Taxes) (EUAMANAI), Permitting, Siting & Environmental Impact (EIA/NEPA) Advisory (EUAMANAB), Energy Justice, Equity & Ratepayer Impact Analysis (EUAMANAN)

Keywords

• Renewable energy policy
• Solar power projects
• Wind energy development
• Government energy agency
• Hydro power infrastructure

Headquarters

HQ city

Baku

HQ country

Azerbaijan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Government Agency Operations: AREA is a state regulatory body involved in policy formation, coordination, and investment promotion for renewable energy. It does not generate commercial revenue but facilitates investment and project development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Azerbaijan Renewable Energy Agency is a state regulatory body under the Ministry of Energy that forms and implements national renewable energy policy, coordinates major solar, wind, hydro, and green hydrogen infrastructure projects, and facilitates foreign investment in Azerbaijan's renewable sector. It provides policy and regulatory support, project coordination, potential assessments, and informational tools such as the Solar Calculator and a renewable energy statistics platform.

Product overview

Azerbaijan Renewable Energy Agency (AREA) is a government body under the Ministry of Energy that manages renewable energy policy, projects, and potential assessment. The agency offers informational platforms (Renewable Energy Stations data, RE Potential Assessment using Global Solar/Wind Atlas data) and interactive tools (Solar Calculator). The core portfolio consists of major infrastructure projects: the 240 MW Khizi-Absheron Wind Power Plant, 230 MW Garadagh Solar Power Plant (largest in Caspian region), 240 MW Zangilan/Jabrayil Solar Plant, and Khudafarin/Giz Galasi Hydro Power Plants. The agency also leads the strategic Green Energy Zone initiative for liberated territories targeting net-zero emissions by 2050.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Calculator An online tool that allows users to estimate the required capacity of a solar power plant based on their annual electricity consumption, peak sun hours, and percentage of demand to be met by solar energy. It is targeted at prospective solar project developers and energy planners.
• Renewable Energy Stations in Azerbaijan Information Platform An information platform providing statistics and data on renewable energy stations operating in Azerbaijan, including electricity generation figures and installed capacity data. It serves energy analysts, researchers, investors, and the public.
• Renewable Energy Potential Assessment Assessment of Azerbaijan's renewable energy potential across solar, wind, hydro, bioenergy, geothermal, and wave categories, utilizing data from the Global Solar Atlas and Global Wind Atlas developed by the World Bank. It serves policymakers, investors, and developers evaluating site potential.
• 240 MW Khizi-Absheron Wind Power Plant A 240 MW onshore wind power plant being developed in cooperation with ACWA Power of Saudi Arabia, expected to generate 1 billion kWh annually and supply 300,000 homes. It serves Azerbaijan's national grid and contributes to the 30% renewable energy share target.
• 230 MW Garadagh Solar Power Plant A 230 MW solar photovoltaic power plant developed with Masdar of the UAE. It is the largest solar power plant in the Caspian region and CIS, covering 550 hectares with 570,000 solar panels, producing 500 million kWh annually. It supplies electricity to Azerbaijan's national grid.
• 240 MW Zangilan/Jabrayil Solar Power Plant A 240 MW solar power plant planned for the Zangilan/Jabrayil region, being developed in cooperation with bp. It targets power supply to the liberated territories' Green Energy Zone.
• Khudafarin and Giz Galasi Hydro Power Plants Hydroelectric power plants on the Aras River with combined capacity of 280 MW (200 MW Khudafarin, 80 MW Giz Galasi), with Azerbaijan's share being 140 MW. Developed under a bilateral agreement between Azerbaijan and Iran.
• Green Energy Zone (GEZ) Initiative A strategic initiative to transform Azerbaijan's liberated territories into a green energy zone, utilizing solar (7,200+ MW potential), wind (2,000 MW potential), and hydropower resources, with the goal of net-zero emissions by 2050. It serves as the umbrella program coordinating multiple infrastructure projects in those territories.

Quantifiable outcome

• 30% renewable energy share target by 2030
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

27 partnerships are on record, tiered major, minor, core and flagship.

• ACWA Power (Kingdom of Saudi Arabia)majorStrategic or Co-development Partner · 29 September 2023Roadmap for 200 MW onshore wind and Battery Energy Storage System projects evaluation and implementation signed at Azerbaijan-Turkey Energy Forum.
• TotalEnergiesmajorStrategic or Co-development Partner · 3 June 2023MoU for 250 MW onshore wind and 250 MW solar power plants in Nakhchivan, plus energy storage systems projects evaluation and implementation.
• Nobel Energy ManagementmajorStrategic or Co-development Partner · 3 June 2023MoU for 400 MW solar power plant construction in Nakhchivan and electricity export to Turkey.
• China Gezhouba Group Overseas InvestmentmajorStrategic or Co-development Partner · 1 June 2023MoU for 2 GW renewable energy projects including utility-scale solar, onshore and offshore wind, energy storage, and green hydrogen production.
• Maire TecnimontminorStrategic or Co-development Partner · 31 May 2023MoU on energy transition cooperation including renewable energy, green hydrogen, biofuels, low-carbon technologies, and methane emission reduction.
• Government of Kingdom of Saudi ArabiacoreStrategic or Co-development Partner · 24 May 2023Energy cooperation agreement covering petroleum, petrochemical, natural gas, electricity, renewable energy, energy efficiency, and digital transformation.
• European Bank for Reconstruction and Development (EBRD)coreStrategic or Co-development Partner · 22 December 2022MoU on power sector development focusing on low-carbon development, renewable energy advancement, energy efficiency, and green hydrogen technologies.
• Governments of Georgia, Romania, and HungaryflagshipStrategic or Co-development Partner · 17 December 2022Agreement on Strategic Partnership in Development and Transmission of Green Energy signed in Bucharest by Presidents and Prime Ministers of four countries.
• Fortescue Future Industries (Australia)majorStrategic or Co-development Partner · 15 December 2022Framework agreement for renewable energy and green hydrogen projects with total capacity up to 12 GW for production and export purposes.
• Masdar (United Arab Emirates)flagshipStrategic or Co-development Partner · 4 June 2022Implementation Agreement for 2 GW offshore integrated wind and green hydrogen projects including production, export, and decarbonization.
• Masdar (United Arab Emirates)coreStrategic or Co-development Partner · 15 March 2022MoU for cooperation in Karabakh and East Zangezur economic regions on utility-scale wind and solar PV plants and rooftop solar systems.
• Masdar (United Arab Emirates)coreStrategic or Co-development Partner · 15 March 2022MoU on integrated offshore renewable energy cooperation including offshore wind, green hydrogen production, and carbon capture.
• ACWA Power (Kingdom of Saudi Arabia)coreStrategic or Co-development Partner · 13 January 2022MoU on offshore wind energy cooperation including potential assessment and investment conditions for renewable energy projects.
• Masdar (United Arab Emirates)flagshipStrategic or Co-development Partner · 1 January 2022Implementation Agreement for 1 GW utility-scale onshore solar and 1 GW onshore wind energy projects with network strengthening and export capabilities.
• bpflagshipStrategic or Co-development Partner · 3 June 2021Implementation Agreement for 240 MW solar power plant in Zangilan/Jabrayil region. Cooperation covers technical and commercial evaluation, plant design, and financing.
• Ministry of International Trade of United KingdomminorStrategic or Co-development Partner · 20 May 2021MoU on Clean Energy Transition covering renewable energy, energy efficiency, low-carbon technologies, and electricity networks cooperation.
• Asian Development Bank (ADB)coreStrategic or Co-development Partner · 1 January 2021Pilot project on floating solar panel systems development with 100 kW photovoltaic installation on Boyukshor Lake. ADB funds technical assistance and knowledge exchange programs.
• International Finance Corporation (IFC)coreStrategic or Co-development Partner · 1 January 2021Development of offshore wind energy roadmap for Azerbaijan including geographical mapping, economic analysis, environmental assessment, and regulatory framework improvement. Part of IFC's Offshore Wind Energy Development Program.
• German Energy Agency (dena)minorStrategic or Co-development Partner · 1 January 2021Project on decentralized energy supply with renewable energy applications. Includes pilot projects for solar PV water pumps, mobile PV systems, greenhouse applications, and biomass heating.
• ACWA Power (Kingdom of Saudi Arabia)flagshipStrategic or Co-development Partner · 9 January 2020Development of 240 MW Khizi-Absheron Wind Power Plant. Agreements include Investment, Power Purchase, and Transmission Connection contracts. Total project cost approximately $300 million.
• Masdar (United Arab Emirates)flagshipStrategic or Co-development Partner · 9 January 2020Development of 230 MW Garadagh Solar Power Plant. Project built with $262 million foreign investment, producing 500 million kWh annually. Also partner for 1 GW onshore solar and wind projects.
• European Bank for Reconstruction and Development (EBRD)coreStrategic or Co-development Partner · 1 January 2020Cooperation on renewable energy auctions support and regulatory framework development for clean measurement systems for small-scale renewable energy projects. EBRD provides technical assistance and consulting support for auction design and implementation.
• International Renewable Energy Agency (IRENA)coreStrategic or Co-development PartnerCooperation through Renewables Readiness Assessment for Azerbaijan. IRENA provides technical expertise and international best practices for renewable energy development.
• ACWA Power (Kingdom of Saudi Arabia)flagshipStrategic or Co-development PartnerImplementation Agreement for up to 1.5 GW offshore wind power project development.
• TEPSCO (Japan)coreStrategic or Co-development PartnerAgreement for establishment of Green Energy Zone in liberated territories. TEPSCO involved in developing the concept document and consulting.
• Government of Islamic Republic of IranmajorStrategic or Co-development PartnerBilateral agreement on construction and operation of Khudaferin and Giz Galasi hydro power stations on Aras River. Azerbaijani share: 140 MW total capacity.
• Azerenergy OJSCcoreStrategic or Co-development PartnerState-owned energy company partner in renewable energy projects including hydro, solar, and wind power plant developments.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• German Energy Agency (dena): dena is Germany's energy agency providing policy advice, project facilitation, and decentralized renewable energy programs. AREA has an active partnership with dena on decentralized renewable supply pilots; dena serves a comparable role as a government-affiliated energy competence center.
• MASEN (Moroccan Agency for Sustainable Energy): MASEN is Morocco's national renewable energy agency tasked with delivering the country's RE targets and coordinating utility-scale solar, wind, and green hydrogen projects. It is comparable as a state-led RE agency in a MENA/North African market with international developer partnerships (similar role to AREA's Gulf-aligned model).
• International Renewable Energy Agency (IRENA): IRENA is the global intergovernmental organization that facilitates renewable energy adoption and provides the Renewables Readiness Assessment framework to AREA. It is directly comparable as an international RE policy and advisory counterpart with overlapping mandate on assessment, policy advice, and capacity building.
• Ministry of Energy of Saudi Arabia: Saudi Arabia's Ministry of Energy oversees the Kingdom's renewable energy strategy, partnerships, and procurement. AREA has a bilateral energy cooperation agreement with Saudi Arabia covering renewable energy — making the Saudi Ministry a directly comparable state-level peer in the Gulf energy ecosystem.
• Ministry of Energy of Kazakhstan: Kazakhstan's Ministry of Energy oversees renewable energy auctions, targets, and large-scale wind/solar deployment in Central Asia. It is comparable to AREA as a post-Soviet energy ministry pursuing aggressive RE targets with international developer engagement.
• Ministry of Energy and Natural Resources of Türkiye: Türkiye's Ministry of Energy and Natural Resources runs YEKA renewable energy tenders and coordinates with neighboring states including Azerbaijan. It is directly comparable as a national ministry running competitive RE auctions and cross-border interconnection policy.
• New and Renewable Energy Authority (NREA, Egypt): NREA is Egypt's national agency responsible for renewable energy policy, planning, and project development across solar, wind, and biomass — a near-direct institutional analog to AREA in a neighboring MENA jurisdiction with similar policy-driven, multi-technology mandate.

Broad incumbents

• ACWA Power: ACWA Power is a Saudi-listed developer and Flagship partner to AREA on the Khizi-Absheron Wind project and offshore wind MoUs. It is broadly comparable as a state-aligned Gulf renewable energy developer with a multi-technology Caspian/CIS project portfolio mirroring AREA's mandate in execution form.
• Masdar: Masdar is UAE's flagship clean energy developer and a Flagship partner to AREA (Garadagh Solar, offshore wind, hydrogen projects). It is broadly comparable as a state-aligned renewable energy investor/developer operating across MENA/Caspian markets — overlapping with AREA's mandate but on the commercial project execution side.

Others

• European Bank for Reconstruction and Development (EBRD): EBRD is a Core partner to AREA providing technical assistance on renewable energy auctions, power sector development, and low-carbon solutions. It functions as an enabling/financing institution rather than a direct competitor, shaping the regulatory frameworks AREA adopts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/areagovaz
• YouTubeyoutube.com/channel/UCqGQq_aFD56LlSS5M2o6Vxw
• Facebookfacebook.com/areagovaz
• LinkedInlinkedin.com/company/area-abemda

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azerbaijan Renewable Energy Agency