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VLM & PartnersMarket firsts

Offshore windMarket first

First offshore wind project in the Caspian Sea

We support Azerbaijan Green Energy Company and its project company, Clean Energy Capital, on the first offshore wind project in the Caspian Sea.

Capacity
200 MW first phase, up to 600 MW in total
Basis
Implementation Agreement with the Ministry of Energy, signed November 2025
Stage
Site studies; floating LIDAR installed
Client
Azerbaijan Green Energy Company and Clean Energy Capital LLC

Why it mattered

It is the first step in the practical development of offshore wind in Azerbaijan and the wider Caspian region. The project company is studying a designated site in the Azerbaijani sector of the Caspian, where a floating LIDAR system from the Spanish provider EOLOS is already installed.

What we did

  • Support Azerbaijan Green Energy Company and Clean Energy Capital through the research, assessment and preparation phase
  • Advise the project company under its Implementation Agreement with the Ministry of Energy
  • Supported the project through its first field milestone: installation of the floating LIDAR at the site

Team

Who worked on it

  • Managing PartnerVugar MammadovView profile
  • Senior Legal AssociateSara AghamaliyevaView profile

Related practices and industries

  • Renewable energy
  • Renewable energy

Public source

Ministry of Energy, 28 November 2025

Previous caseFirst PSD2-style payment institution licence in AzerbaijanDiscuss a similar projectNext caseFirst Azerbaijani-flag registration of a non-self-propelled drilling unit

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