SOFAZ’s collaboration with Enfinity Global contributes to deepening economic ties with Europe – OPINION

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has adopted an investment policy aimed at creating long-term value for future generations, economy expert Aslan Azimzade, a member of the Public Council under the Ministry of Labor and Social Protection of the Population, told 1news.media

He noted that SOFAZ’s investments in real assets in Italy - particularly in infrastructure and green energy - not only diversify the Fund’s portfolio but also contribute to strengthening economic ties with Europe. As a result, Italy now ranks among the top five countries in SOFAZ’s investment portfolio.

Azimzade emphasized the importance of expanding cooperation with Enfinity Global. “SOFAZ’s acquisition of a 49% stake in a portfolio of solar photovoltaic (PV) plants owned by Enfinity Global positions the Fund as a strategic partner, rather than a passive investor,” he said.

“The retention of 51% control by Enfinity Global ensures rational and effective project management, allowing SOFAZ to share risks while securing stable, long-term returns,” he added.

Azimzade also highlighted that SOFAZ’s investments in value-adding sectors such as alternative energy support the balanced development of Azerbaijan’s economy and promote growth in priority areas aligned with the new technological era. “This creates positive momentum for Azerbaijan’s long-term economic development. Therefore, SOFAZ’s focus on such investments is essential for macroeconomic progress and sustaining positive performance in the Fund’s activities,” he concluded.