British energy giant BP has announced final investment decisions for two major projects in Azerbaijan: the construction of the 240 MW Shafag solar power plant in Karabakh and the electrification of the Sangachal terminal near Baku.
In partnership with the Azerbaijani government, BP signed an agreement to build the Shafag solar power plant in the Karabakh region. The facility will have a capacity of 240 megawatts and is expected to cost approximately $200 million. Construction is scheduled to be completed by mid-2027.
The Shafag plant marks a significant milestone in Azerbaijan's renewable energy ambitions and is part of the broader efforts to develop the formerly conflict-affected Karabakh region.
In a separate development, BP and its partners also approved an investment decision to electrify the Sangachal terminal — one of the world’s largest integrated oil and gas processing terminals. The project, known as STEL (Sangachal Terminal Electrification Project), is valued at $230 million. It will be implemented and operated by BP, with construction set to begin in 2025.
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Kazakhstan has significantly expanded its international air connectivity last year, reopening and launching flights to 30 countries according to data released by the country’s transport authorities. By the end of 2025, Kazakhstan was operating 135 international routes.
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Kazakhstan has significantly expanded its international air connectivity last year, reopening and launching flights to 30 countries according to data released by the country’s transport authorities. By the end of 2025, Kazakhstan was operating 135 international routes.
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