2022-06-28
http://w3.windfair.net/wind-energy/pr/41014-masdar-energy-transition-azerbaijan-development-investment-onshore-mw-solar-project-hydrogen-capacity-phase

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Masdar to push energy transition in Azerbaijan

Masdar signed implementation agreements with the Ministry of Energy of the Republic of Azerbaijan to develop clean and renewable energy projects in the country with a combined confirmed capacity of 4,000 MW in a first phase.

Image: MasdarImage: Masdar

Masdar also gains the right to develop an additional 6,000 MW as a second phase, bringing the total production capacity of these projects to 10,000 MW – the largest such signing in Azerbaijan’s history.

Masdar signed two implementation agreements, one relating to the development of onshore wind projects with a capacity of 1,000 MW, and 1,000 MW of solar projects. The second agreement covers integrated offshore wind and green hydrogen projects with a capacity of 2,000 MW. The agreement for onshore wind and solar projects includes measures to study and strengthen the network and implement processes for the export of electricity. The second agreement includes measures to create wind power for production and export purposes, decarbonization, hydrogen production and export.  

HE Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, said, "The 4,000 MW of renewable energy projects announced today reinforce the close relationship between the United Arab Emirates and Azerbaijan and are a testament to our shared commitment to progressive climate action.”

Source:
Masdar
Author:
Windfair Editors
Email:
press@windfair.net
Keywords:
Masdar, energy transition, Azerbaijan, development, investment, onshore, MW, solar, project, hydrogen, capacity, phase



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