The State Agency for Renewable Energy Sources of Azerbaijan (BOEMDA) and Croatia’s “ENNA Group” company have initiated cooperation aimed at assessing the country’s renewable energy potential and creating a foundation for economically viable investments.
According to information provided by Renewables.az citing the official statement from “ENNA Group,” the signed Memorandum of Understanding (MoU) will primarily focus on the development of solar and wind power plants.
The document establishes a legal-technical framework for exploring the potential of renewable energy projects in Azerbaijan and for future investments. With this memorandum, “ENNA Group” has become the first Croatian company — and one of the first European companies — to sign a cooperation agreement with Azerbaijan. Following the relevant assessments and approvals, the cooperation may evolve into concrete investment projects.
The Memorandum covers an initial 12-month cooperation period. During this time, the parties will conduct joint assessments, exchange expert experience, and prepare the necessary conditions to attract investments into the renewable energy sector.
In accordance with the document, a joint steering committee composed of representatives from BOEMDA and “ENNA Group” will be established. The committee will coordinate all activities carried out under the memorandum and make decisions based on mutual agreement.
It should be noted that “ENNA Group” began construction of its first solar power plant outside Croatia at the end of 2025.
The relevant Memorandum of Understanding was signed in Baku within the framework of the 12th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the 4th Ministerial Meeting of the Green Energy Advisory Council.
This cooperation is regarded as an important step toward expanding Azerbaijan’s relations with European companies in the renewable energy sector and attracting new investment flows.The State Agency for Renewable Energy Sources of Azerbaijan (BOEMDA) and Croatia’s “ENNA Group” company have initiated cooperation aimed at assessing the country’s renewable energy potential and creating a foundation for economically viable investments.
According to information provided by Renewables.az citing the official statement from “ENNA Group,” the signed Memorandum of Understanding (MoU) will primarily focus on the development of solar and wind power plants.
The document establishes a legal-technical framework for exploring the potential of renewable energy projects in Azerbaijan and for future investments. With this memorandum, “ENNA Group” has become the first Croatian company — and one of the first European companies — to sign a cooperation agreement with Azerbaijan. Following the relevant assessments and approvals, the cooperation may evolve into concrete investment projects.
The Memorandum covers an initial 12-month cooperation period. During this time, the parties will conduct joint assessments, exchange expert experience, and prepare the necessary conditions to attract investments into the renewable energy sector.
In accordance with the document, a joint steering committee composed of representatives from BOEMDA and “ENNA Group” will be established. The committee will coordinate all activities carried out under the memorandum and make decisions based on mutual agreement.
It should be noted that “ENNA Group” began construction of its first solar power plant outside Croatia at the end of 2025.
The relevant Memorandum of Understanding was signed in Baku within the framework of the 12th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the 4th Ministerial Meeting of the Green Energy Advisory Council.
This cooperation is regarded as an important step toward expanding Azerbaijan’s relations with European companies in the renewable energy sector and attracting new investment flows.
https://renewables.az/az/news/xorvatiya-irk-ti-az-rbaycanla-b-rpa-olunan-enerji-sah-sind-imzalanan-m-qavil-nin-detallar-n-a-qlay-b