French energy giant TotalEnergies SE has agreed to invest in a $1.2 billion renewable energy project in Kazakhstan, marking a major expansion into large-scale wind and storage infrastructure in Central Asia.

The Government of Tajikistan and Ayon Energy LLC have signed an investment agreement to build and commission two major photovoltaic power plants, marking the country’s first large-scale solar energy initiative.

Azerbaijan’s Minister of Energy Parviz Shahbazov met with Nan Yi, President of China’s Universal Energy Company, in Baku on Wednesday to discuss the ongoing construction of the Gobustan Solar Power Plant — the first auction-based renewable energy project in the country, with a planned capacity of 100 MW.

Azerbaijan and Saudi Arabia discussed the implementation of a 3.5 GW offshore wind energy project.

The European Investment Bank (EIB) has expressed a keen interest in backing projects in Azerbaijan focused on green energy, green hydrogen, smart transport, municipal infrastructure, energy transmission, and energy efficiency.