(Commerce Wire, Baku / Beijing, September 2, 2026) — China Export & Credit Insurance Corporation (Sinosure) has formally issued a medium‑term and long‑term buyer’s‑credit insurance policy covering the 100‑megawatt solar‑power plant project won by Untitled Energy. This marks Sinosure’s first renewable‑energy buyer’s‑credit transaction in Azerbaijan, opening a new chapter for policy‑backed export‑credit cooperation on green energy between China and Azerbaijan.
The insurance policy entered into force in August 2026. Partnering with Bank of China and Bank of Communications, Sinosure has structured a non‑recourse project‑finance facility offering long‑term financing tenure exceeding 12 years for the solar scheme. The policy covers both political‑risk and commercial‑payment risk throughout construction and operational phases, addressing a long‑standing financing bottleneck for utility‑scale renewable‑energy assets overseas.
This 100 MW solar farm is Azerbaijan’s inaugural renewable‑energy project awarded via international open tender. Following COP29, Untitled Energy won the competitive bid against global renewable‑energy majors including Saudi‑based ACWA Power and UAE‑headquartered Masdar. The win represents a landmark breakthrough for Chinese private‑sector renewable‑energy developers entering the South Caucasus utility‑scale solar market.
Once commissioned, the photovoltaic installation is projected to generate approximately 180 million kilowatt‑hours of clean electricity annually. The facility will help Azerbaijan diversify its energy mix, reduce economic reliance on oil‑and‑gas revenues and advance the country’s nationally determined‑contribution climate targets.
Senior officials at Sinosure commented that the closing of this buyer’s‑credit deal signals an evolution in Sinosure’s engagement in Azerbaijan: support mechanisms have moved beyond specific‑contract insurance and EPC‑contractor risk guarantees to a full‑fledged buyer’s‑credit plus project‑finance offering. Going forward, Sinosure will continue to leverage medium‑and‑long‑term export‑credit insurance instruments to catalyse bank financing, support the global expansion of China’s photovoltaic, wind‑power and energy‑storage industrial chains and deepen green‑infrastructure engagement across the South Caucasus and Caspian‑rim economies.
Industry commentary notes that Azerbaijan, an energy hub in the South Caucasus, has set ambitious renewable‑energy capacity‑expansion targets in recent years. Multilateral lenders such as the European Bank for Reconstruction and Development and the Asian Development Bank already maintain sizable renewable‑energy portfolios in‑country. Sinosure’s maiden renewable‑energy buyer’s‑credit policy establishes a complete commercial loop spanning Chinese equipment exports, long‑term project financing and policy‑backed risk mitigation. The framework is expected to substantially boost Chinese renewables firms’ competitiveness in international tenders across the South Caucasus and accelerate Belt‑and‑Road green‑infrastructure cooperation in the region.