Garadagh solar PV financing is a first for Azerbaijan

Masdar has reached financial close on its 230MW Garadagh (Area 60) PV solar power project in eastern Azerbaijan with backing from DFIs. The $114.2 million financing is being provided by the EBRD ($21.4 million), ADB ($21.4 million), JICA, and the Abu Dhabi Fund for Development. The borrower is...