PROJECT NAME: “Wind Island-1”
PROJECT OBJECTIVES AND DESCRIPTION - The intention is to capture the wind energy in the Chilov and Pirallahi islands. This will serve the Absheron peninsula. The project will involve the creation of a wind farm and will be connected to the energy grid to serve the domestic market.
LOCATION: Pirallahi and Chilov Islands, Caspian sea
PROJECT COST: 408.9 mln. USD
FINANCING SCHEME: 80% - Investor, 20% - Government
IMPLEMENTATION PERIOD: 2 years
PROJECT PAYBACK PERIOD: 3 years
DOCUMENTS AVAILABLE (BUSINESS PLAN, ETC.): Investment Initiative
COMPANY NAME: STATE AGENCY FOR ALTERNATIVE AND RENEWABLE ENERGIES
