Nobel Energy's Enerso Signs Deals for 25 MW Nakhchivan Solar Plant as Azerbaijan Green Push Accelerates

Enerso, the renewable-energy subsidiary of Nobel Energy, has signed a set of agreements to build the 25 MW "Qerbi Ufuq" (Western Horizon) solar power plant in Azerbaijan's Nakhchivan Autonomous Republic - one of the first private renewable investments in the exclave.

The agreements

Investment, power-purchase and grid-connection agreements were signed between the Azerbaijani government, state utility Azerenerji and Enerso. Nakhchivan already draws a striking 44% of its installed generating capacity from renewables, and officials framed the project as part of turning the exclave into a "green energy zone" with export potential via the Zangezur corridor.

Why it matters

Alongside the larger "Ufug" plant in Jabrayil, the Enerso deal signals how Azerbaijan is pushing solar beyond its Caspian heartland into strategically sensitive border regions - and how NEQSOL's energy arm is building a renewables track record to sit beside its oil-and-gas services business. Combined, the region's new solar projects are expected to generate roughly 122 million kWh a year, saving an estimated 26 million cubic metres of gas and cutting carbon emissions by about 57,000 tonnes annually.

The economics still lean on state power-purchase agreements, and Nakhchivan's grid and export links remain works in progress. But for a group better known for pipelines and platforms, a growing renewables portfolio is a hedge against exactly the energy-transition risk its core business faces.