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Concept Development for Coastal Infrastructure to Support Large-Scale Offshore Wind Farm in the Caspian Sea

Project Type
Project Preparation (Pre-Concept Paper Support)
Sector
Energy
Country/Region
Azerbaijan
Implementing Partners
Asian Infrastructure Investment Bank
Financing Type
N/A
Total Financing
USD105,000
Project Description

The MCDF grant provides concept development support for a potential coastal infrastructure project to deploy a large-scale offshore wind farm in the Caspian Sea. The project is part of the broader Central Asia – European Union Green Energy Corridor, which will facilitate the transmission of renewable energy from Azerbaijan and Central Asia to Europe. 

The grant is funding preliminary studies on strategic coastal infrastructure planning, early identification of technical, environmental, and regulatory challenges; and institutional readiness for offshore wind farm development.

Alignment with MCDF Core Values

The grant will help ensure that the preliminary studies are conducted in line with International Financial Institution standards and improve bankability of the underlying investment project. The proposed coastal infrastructure investment will help unlock cross-border renewable energy trade opportunities.

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