On January 9, 2020, the Ministry of Energy of the Republic of Azerbaijan and Masdar Company of the United Arab Emirates signed an Implementation Agreement. According to the Agreement, pilot project will be implemented for the construction of solar power plant with a capacity of 230 MW by “Masdar”. In this regard, on April 6, 2021, Investment agreement, Power Purchase agreement and Transmission Connection agreement were signed on 230 MW solar power plant between the Ministry of Energy, Azerenergy OJSC and and “Masdar” of the United Arab Emirates. 

On March 15, 2022, with the participation of President of the Republic of Azerbaijan Ilham Aliyev and Minister of Energy and Infrastructure of the United Arab Emirates, Suhail Al Mazrouei groundbreaking ceremony of the 230 MW Garadagh Solar Power Plant was held.

On May 16, 2023, Energy Minister Parviz Shahbazov together with the CEO of Masdar Mohamed Jameel Al Ramahi attended the installation process of the first solar panel at the plant and the tree planting action. 

On October 26, 2023, an official inauguration of the 230 MW Garadagh Solar PV Plant has been held. President of the Republic of Azerbaijan Ilham Aliyev and Minister of Industry and Advanced Technology of the United Arab Emirates Sultan Ahmad Al Jaber attended the ceremony.

The Garadagh Solar PV Plant is the largest solar power plant in the Caspian region and the CIS. The plant was built at the expense of foreign investment worth $262 million. It is the first industrial-scale solar power plant realized by attracting foreign investment in our country. The plant will produce 500 million kilowatt-hours of electricity annually, saving 110 million cubic meters of natural gas. At the same time, carbon emissions into the atmosphere will be reduced by 200 thousand tons. The power plant, which covers an area of 550 hectares, has 570 thousand solar panels installed. A 330-kilovolt substation was built to connect this station to the network.