BAKU, Azerbaijan, January 17. Azerbaijan sees
vibrant prospects for cooperation with its companions within the subject of
renewable power, Elnur Soltanov, Deputy Minister of Energy of
Azerbaijan instructed Trend.
According to Soltanov, an ongoing solar energy plan mission of
the UAE’s Masdar, in addition to a 240 MW Khizi-Absheron wind energy
plant, carried out by Saudi Arabia’s ACWA Power will present the
outcomes of this partnership very quickly.
“For instance, the electrical energy from the Garadagh solar energy
plant mission with a capability of 230 MW, carried out by Masdar,
might be produced this yr already,” he mentioned.
He famous, that the identical is going on within the subject of offshore
wind improvement, nonetheless, this may take extra time.
“This is in regards to the belief between the leaderships of Azerbaijan
and the UAE, in addition to Saudi Arabia. Price is essential in
this regard. Many of those initiatives are conditional on their worth.
At the identical time, we consider that many nice issues will come out
from our cooperation,” the deputy minister mentioned.
Soltanov added that the settlement signed between the State Oil
Company of Azerbaijan (SOCAR) and Masdar is a really promising
“We are very glad that SOCAR is getting into this settlement as an
financial companion, changing into a part of the deal, as we, Ministry of
Energy, have signed already. We are actually trying ahead to see
the outcomes of this cooperation,” he mentioned.
Meanwhile, throughout the framework of the working go to of
President of Azerbaijan Ilham Aliyev to the UAE on January 15,
2023, the State Oil Company of Azerbaijan (SOCAR) and the UAE’s
Masdar firm signed an Agreement on the joint improvement of
offshore wind power and hydrogen initiatives with a capability of two GW,
in addition to joint improvement of 1 GW photo voltaic photovoltaic power, and
1 GW onshore wind power initiatives.
“These agreements will additional strengthen cooperation between
Azerbaijan and the UAE, in addition to cut back greenhouse fuel emissions
in Azerbaijan, develop renewable power sources and sustainable
financial progress of the nation. Masdar, which is the biggest
renewable power firm within the UAE, is at the moment implementing the
230 MW Garadagh Solar Power Plant mission in Azerbaijan. The plant
is anticipated to provide half a billion kWh of electrical energy yearly
and assist cut back emissions by greater than 200,000 tons per yr,”
SOCAR mentioned in a press release.
In common, Azerbaijan plans to extend the share of renewable
power sources in electrical energy era by as much as 30 p.c by