On September 20, 2024, the engineering company Volts Energy Ltd., together with the leading provider of energy services in Azerbaijan, Turan Energy LLC, founded a joint entity, TuranVoltsEnergy. The new enterprise will operate in Azerbaijan and focus on EPC (Engineering, Procurement, and Construction) projects in renewable energy and energy storage systems.
Volts Energy Ltd., based in AbuDhabi (UAE), and Turan Energy LLC entered into a partnership agreement a year ago. Together, the companies developed Azerbaijan’s National Electric Mobility Plan as part of a consortium practice. This comprehensive initiative included a strategic roadmap for the country’s transition to eco-friendly vehicles, along with the necessary charging infrastructure.
The establishment of the joint company, TuranVoltsEnergy, in Azerbaijan marks another step towards reducing the region’s carbon footprint. The new company will focus on the design, construction, and installation of solar and wind power plants. Not less attention will be paid to the integration of energy storage systems into these projects.
Founder of Volts Energy, Vladimir Mlynchik:
“The Azerbaijani market is quite attractive to companies from the UAE right now because of the nation’s growing interest in green energy production and its export tendencies. We are excited to be part of Azerbaijan’s global energy strategy and, alongside leading international companies like Masdar andAqua Power, to contribute to the country’s energy transition.”
TuranVoltsEnergyis currently working on several consulting and EPC projects related to solar power plant development. The company also concentrates on projects focused on integrating home and industrial energy storage systems with capacities exceeding 100 MW. Moreover, the plan is to work with Azerbaijan’s largest public and private companies to develop strategies and decarbonization projects with the use of green technologies in the country’s energy sector.
Executive Director of Turan Energy, Ilgar Aliyev:
“Turan Energy is a rapidly growing company in the Azerbaijani market, focusing on energy projects, particularly in the field of alternative energy.Our portfolio includes several solar energy projects implemented for private and public companies, with a total capacity of several dozen megawatts. We are well aware of the market’s intricacies, and as partners with Volts Energy, we are ready to deliver the best solutions for both the public and private sectors.”
Volts Energy Ltd. Overview
VoltsEnergy Ltd. specializes in comprehensive infrastructure projects within theenergy sector, covering everything from initial site assessments and feasibility studies to the final handover of completed facilities. The company’s portfolio includes over a hundred successful projects across the CIS and MENA regions, demonstrating its operational effectiveness and the high expertise of the engineering team. Additionally, Volts Energy works with Masdar, a globally renowned corporation recognized for its innovative renewable energy solutions.
Turan Energy LLC Overview
Turan Energy LLC has been operating in the Azerbaijani market since 2018 and is a leadingservice provider in the energy sector. In addition to offering project development and construction services, the company provides its clients with financing solutions, attracting both local and foreign investments.