Tag: Azerbaijan

<strong>ACWA Power expands presence in Azerbaijan through key renewable energy partnerships</strong>

ACWA Power expands presence in Azerbaijan through key renewable energy partnerships

February 10, 2023 |

ACWA Power, a leading Saudi developer has announced that four separate agreements have been finalised for the development of new renewable energy in the Republic of Azerbaijan. In line with ACWA Power’s commitment to lead and enable energy transition underpinned by its robust public-private partnership model, the company has signed key implementation agreements with the Ministry of Energy and a cooperation agreement with State Oil Company of Azerbaijan Republic (SOCAR).

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<strong>Masdar to construct renewable energy projects in Azerbaijan</strong>

Masdar to construct renewable energy projects in Azerbaijan

January 19, 2023 |

Masdar, an energy company based in the UAE has inked agreements with the State Oil Company of the Republic of Azerbaijan (SOCAR) to develop 4 GW of wind and solar power capacity integrated with green hydrogen projects. The agreements were inked on the sidelines of Abu Dhabi Sustainability Week, a worldwide platform to accelerate sustainable development organised by Masdar. SOCAR seeks to increase Azerbaijan’s energy security as the country’s integrated oil and gas company.

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<strong>Fortescue to partner with Azerbaijan on green hydrogen</strong>

Fortescue to partner with Azerbaijan on green hydrogen

December 16, 2022 |

Fortescue Future Industries (FFI) and the Ministry of Energy of the Republic of Azerbaijan have agreed to collaborate in order to research and develop viable green hydrogen and renewable energy projects in Azerbaijan. The Agreement will look into up to 12 GW of prospective projects from renewable energy sources and green hydrogen generation in Azerbaijan in an effort to further strengthen the close relationship between Azerbaijan and Fortescue.

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Masdar reaches financial close for solar facility in Azerbaijan

Masdar reaches financial close for solar facility in Azerbaijan

August 3, 2022 |

Masdar, a state-owned energy company in the UAE, has reached financial close on its Garadagh solar photovoltaic plant in Azerbaijan. The 230 MW solar project is the company’s first in Azerbaijan, as well as the country’s first independently funded solar project. Garadagh will be able to produce 500 million kilowatt-hours of electricity annually, enough to power over 110,000 homes.

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