The scope, as Report lists it, covers the design, procurement, construction, installation and commissioning of the batteries, the power conversion system, the battery management system and the energy management system; the Turkish company also builds a high-voltage energy centre and carries out the grid integration. The batteries come from the contractor’s own factory and the money from the buyer’s own banks. Neither the site nor the grid node is named in the disclosure.
With this contract YEO’s storage book in Azerbaijan reaches 750 MWh across 3 systems in 2 years, on a financing model the disclosure spells out: the contractor arranges the money, the banks are local, and the repayment runs 4 years from a state buyer. Per megawatt-hour of capacity the price is about $234,000, on CAW’s arithmetic, before the cost of the banks’ money.
The batteries come from the contractor’s own factory and the money from the buyer’s own banks.
The company told the exchange that the new project would follow the 2 commissioned systems and strengthen Azerbaijan’s position as a regional leader in energy storage. Storage is the grid’s answer to the wind and solar capacity Baku has contracted since 2023; what the disclosure does not say is which plant this 250 MWh sits behind.