Azerbaijan: Absheron-Garadagh200 MW Wind Power Project (AIIB-000924)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Azerbaijan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Absheron District, Absheron-Khizi Economic Region; Garadagh District, Baku Economic Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Absheron-Garadagh SPV LLC (Abu Dhabi Future Energy Company PJSC - MASDAR and SOCAR Green LLC)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Corporate Actor Documents
Other Related Projects
Primary Source

Original disclosure @ AIIB website

Updated in EWS Aug 28, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the AIIB, the objective of the project is to support Azerbaijan's energy transition through the expansion of renewable electricity generation.

The Project involves financing the development, construction, operation, and maintenance of a 200 MW onshore wind power project in the Absheron District of the Absheron-Khizi Economic Region and Garadagh District in the Baku Economic Region, Republic of Azerbaijan.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Information on the investment amount and total project cost was not provided at the time of disclosure.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by Devex, the State Oil Company of the Azerbaijan Republic (SOCAR) is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan. Three production divisions, one oil refineries and one gas processing plant, a deep water platform fabrication yard, two trusts, one institution, and 23 subdivisions are operating as corporate entities under SOCAR. 

As stated by Bloomberg, Abu Dhabi Future Energy Co Pjsc Masdar develops and invests in renewable energy solutions. The Company focuses on green hydrogen initiatives and the development of solar, wind, energy storage, waste-to-energy, and geothermal projects. Abu Dhabi Future Energy Co Pjs serves governments, utilities, and large-scale energy consumers in the United Arab Emirates, United States, and Saudi Arabia.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
SOCAR Client Energy contracts with Abu Dhabi Future Energy Company PJSC - Masdar Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB Team Leader:

Igor Popkov - Senior Investment Officer
Email: igor.popkov@aiib.org

Geoffrey Leonard - Investment Officer
Email: geoffrey.leonard@aiib.org

Clients -

SOCAR Green LLC:

Ali Rahimli - Head of HSSE Division
Email: ali.rahimli@socar-green.az

Abu Dhabi Future Energy Company PJSC - MASDAR:

Zaman Ahmed - Senior Manager, Structured Finance
Email: zahmed@masdar.ae

Cosmin Briciu - Senior Expert, E&S
Email: cbriciu@masdar.ae

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

How it works

How it works