When desert wealth fuels solar ambition in South Caucasus
Published on: Friday 30 January 2026
Azerbaijan is quietly becoming a testing ground for Gulf capital looking to move beyond oil, as investors from the Persian Gulf funnel hundreds of millions of dollars into the South Caucasus state, drawn by its renewable energy ambitions, strategic geography and political stability. While Central Asia still absorbs the lion’s share of Arab investment across Eurasia, new projects in Azerbaijan suggest a recalibration is under way, one that places Baku at the intersection of energy transition, regional connectivity and the Gulf’s search for long-term influence beyond hydrocarbons.
News source: https://www.azernews.az/analysis/253745.html
