So far, raw material-rich Azerbaijan has relied primarily on fossil energy sources such as oil and natural gas. But even the country in the South Caucasus cannot escape the global energy transition. And so, in recent days, major investors from the Arab world have been coming to the country to initiate projects in the field of renewable energies.
Representatives of Masdar, the energy company from the United Arab Emirates (UAE), took the opportunity to seal the next deal at the inauguration of the 230 MW Garadagh solar park - the largest in the region. And so contracts for further solar and onshore wind projects with a total capacity of 1 gigawatt were signed with the government of the country of 10 million inhabitants.
Al Jaber, President-elect of the upcoming COP28 ...