Azerbaijan’s Ministry of Economy and the UAE’s Modon Holding have signed a cooperation agreement to develop a $5 billion “City Within a City” project around Lake Boyukshor.

In recent years, Azerbaijan has made significant progress in embracing renewable energy, positioning itself as a key player in the global shift toward green power. As the world moves towards sustainable energy solutions, Azerbaijan is leveraging its unique geographical and environmental advantages to spearhead innovative projects. One of the most notable is the country's bold initiative in floating solar power, marking a pivotal moment in its energy transition. This text explores the latest developments in Azerbaijan's solar power initiatives, highlighting the nation's ambitious plans to harness solar energy and contribute to a sustainable future.