What is the latest status of the project “Shafag Solar Plant Project”?

The status recorded for “Shafag Solar Plant Project” is Under Construction.

What is the budget and commercial profile for the project “Shafag Solar Plant Project”?

Taiyo normalizes the budget of “Shafag Solar Plant Project” to USD 200000000.

Where can I verify the source and access all details for “Shafag Solar Plant Project”?

This Taiyo project page references Money/ US News along with the original URL (https://money.usnews.com/investing/news/articles/2025-06-02/azeri-socar-to-sign-agreements-with-exxon-mobil-bp-soon-three-sources-tell-reuters). Taiyo standardizes official data into a consistent, searchable project profile.

Shafag Solar Plant Project

Sector: Solar • Location: Azerbaijan

Project

Under Construction

BP's solar unit Lightsource bp is building a 240-megawatt solar plant in the Jabrayil district of Azerbaijan with joint-venture partners SOCAR and the Azerbaijan Business Development Fund. The project involves construction of a solar power plant to increase renewable energy capacity in the region.

Status: Under Construction
Sector: Solar, Power Generation (CCGT), Commercial
Location: Azerbaijan
Updated: 22 Jul 2026
Source: Money/ US News

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Project Information

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The project “Shafag Solar Plant Project” is an infrastructure initiative in the Solar sector, located in Azerbaijan. Taiyo aggregates data on it from Money/ US News.

Participants

Not available for this record.

Status

Original status	Under Construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	BP's solar unit Lightsource bp is building a 240-megawatt solar plant in the Jabrayil district of Azerbaijan with joint-venture partners SOCAR and the Azerbaijan Business Development Fund. The project involves construction of a solar power plant to increase renewable energy capacity in the region.
Original sector	Energy
Budget

Location

Country

Azerbaijan

Source

Source	Money/ US News
URL

More Details

Record type	Project
Sector	Solar, Power Generation (CCGT), Commercial
Article published date	2025-06-04

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Shafag Solar Plant Project

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