01.03.2024
The joint development of a 100MW photovoltaic solar power plant will be executed in two stages. The initial phase, comprising 50MW, is scheduled for completion by 2027, with the remaining capacity to be installed in subsequent years.
The plant aims to generate some 180 million kilowatt-hours of electricity annually, providing power to around 58,000 households. The construction phase of the plant will engage a workforce totaling 600 individuals, while its commissioning will lead to the creation of 80 permanent jobs.
Vugar Samadli, CEO of Nobel Energy said: “We are excited for the opportunity to be part of the region’s green transformation plans which is consistent with Nobel Energy’s strategic intent to contribute to a lower carbon future in the region and beyond. With a focus on efficiency and safety, our skilled and tested team of engineers, designers, and technicians is the driving force in the successful execution of solar power project of any scale."
A customized technical protocol outlining a series of activities has been agreed upon and signed with Azerenerji, the primary electricity producer and transmission system operator in the country. Additionally, the project land plot has been approved by relevant government institutions in the Jabrayil district.
Currently, the pertinent investment agreement, power purchase agreement, and grid connection agreement are being developed jointly with the Ministry of Energy of Azerbaijan and Azerenerji.
Note to editors
Nobel Energy Group, part of NEQSOL Holding, is an Integrated Energy Production, Development and Services Company committed to contributing to the global transition towards a sustainable and low-carbon future. By leveraging trusted expertise, integrated solutions, advanced technology, strategic partnerships, and a strong focus on innovation, Nobel Energy has positioned itself as a reliable partner in delivering complex and sustainable infrastructure projects across the globe.
Nobel Energy employees graduate from prestigious L.E.A.P. Program
A group of bright Nobel Energy people have successfully graduated from the Leadership Excellence and Acceleration Program (L.E.A.P.). This program, designed by NEQSOL Academy in collaboration with SDA Bocconi, aims to improve leadership capabilities and foster growth within the organization.
The L.E.A.P. program lasted a year and included 5 intensive modules delivered in Baku and Milan, along with various online tools and coaching support from SparkUs, digital coaching platform. Participants, among which were Rena Musayeva, Vusal Aghakishiyev, Rashad Sadigov, and Gulnar Mammadli, worked on projects that had direct impacts on their companies, demonstrating their ability to apply enhanced skills and knowledge in practical settings.
Rena Musayeva, Senior HR Business Partner at Nobel Energy, shared her impressions: "The L.E.A.P. project has significantly enhanced our understanding of business, expanded our vision, and broadened our network. We have gained valuable insights from esteemed professors who bring a rich blend of theoretical and practical expertise. It was truly remarkable to study in the business school that is ranked 3rd in Worldwide Global MBA Ranking."
Remarkably, Gulnar Mammadli, Lead AP Accountant at Glensol, stood out as one of the top 5 graduates with honors, among 60 participants in the program, based on her outstanding exam results and contribution to the capstone project.
The graduation ceremony took place at the SDA Bocconi Campus in Milan, where participants presented their final projects. These projects showcased their understanding of leadership dynamics, strategic acumen, and potential for driving future initiatives within Nobel Energy.
04.07.2024
Nobel Energy employees graduate from prestigious L.E.A.P. Program
Read moreNobel Energy attends 29th International Caspian Oil & Gas Exhibition
Nobel Energy Group participated in the 29th International Caspian Oil & Gas Exhibition, 4-6 June, at the Expo Center, as part of Baku Energy Week. This high-profile industry event provided an exceptional platform for us to showcase our expanding capacity, capabilities, and significant milestones on both regional and global scales.
Nobel Energy's innovative and informative stand drew a large number of visitors, offering comprehensive insights into the company's unique value proposition and successfully delivered projects. The stand highlighted our commitment to innovation and excellence, reflecting Nobel Energy's strategic vision and operational strengths. The engaging display and well-informed team members ensured that every visitor left the stand with a clear understanding of Nobel Energy's wide-ranging services and achievements.
In addition to the stand, in the framework of Baku Energy Week, Nobel Energy organized two informative panel discussions. On June 4, the company hosted a panel titled ‘Breaking the Mold: Reshaping Energy Solutions’, which focused on innovative strategies employed by service providers like Nobel Energy to tackle regional and global challenges faced by major energy companies. Featuring Nobel Energy Executive Board Member Mr. Richard Duff, Vice President of SOCAR, and Mr. Cathal Kelly, Vice President of BP, and moderated by Ambassador Mr. Matthew Bryza, the panel underscored the importance of optimizing investment costs and operational efficiency while maintaining safety and quality standards. It also emphasized the critical role of technology, research, and collaboration in crafting effective solutions.
On the second day of the event, Mr. Robert Mundt, Senior Manager of Advanced Facilities and Data Center Services at Audubon Companies, joined a discussion on how AI is revolutionizing the energy sector. Together with Mr. Saravan Penubarthi, Chief Technology Director at AIQ, and moderated by AI and emerging technologies expert Mr. Emin Aliev, the panel explored AI's role in optimizing energy systems, addressing challenges, and driving the transition toward a more sustainable future. Both panels featured esteemed industry experts and provided valuable discussions on the future of energy.
The participation in this significant event, underscores our dedication to advancing the energy sector and proactive approach to fostering collaborations.
04.07.2024
Nobel Energy attends 29th International Caspian Oil & Gas Exhibition
Read moreNobel Energy supports educational initiative to empower high-potential youth from low-income families
Nobel Energy (part of NEQSOL Holding) is pleased to announce its support for an educational program aimed to discover 30 high-potential youth from underprivileged families aspiring to attend top-ranked international universities and equip them with the required knowledge and skills.
The program, which is implemented by a qualified and successful education company Roof Academic Training, will see the support of exceptionally talented young minds from low-income families in their pursuit of higher education in high-ranking universities. In addition to preparation for critical exams such as IELTS, SAT, GRE, GMAT, and TOEFL, the program also takes in assistance in the processes of university and scholarship applications.
The program targets students applying to universities in the 2023-2024 academic year, with plans to continue their studies abroad in September 2024.
Selection for the scholarship project has started, and it is being conducted through a meticulous 6-stage process, including initial questionnaire evaluation, English language proficiency level check, personal interview, expert opinion, home-family visit, and final evaluation. Throughout these stages, candidates are assessed based on academic performance, extracurricular activities, social security level, potential, desire, and activity, serving as the primary criteria for evaluation.
Vugar Samadli, CEO of Nobel Energy, said: "The initiative fully aligns with both the country’s and Nobel Energy’s vision to empower youth to secure placements in high-ranking universities to contribute to the development of human capital in our country. This successful program, that has already helped to nurture educational aspirations of a number of high-potential youth from low-income families, reflects our commitment and humble contribution to building a more resilient and brighter future in Azerbaijan."
Note to editors
Nobel Energy Group, part of NEQSOL Holding, is an Integrated Energy Production, Development and Services Company committed to contributing to the global transition towards a sustainable and low-carbon future. By leveraging trusted expertise, integrated solutions, advanced technology, strategic partnerships, and a strong focus on innovation, Nobel Energy has positioned itself as a reliable partner in delivering complex and sustainable infrastructure projects across the globe.
20.12.2023
Nobel Energy supports educational initiative to empower high-potential youth from low-income families
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