BAKU, Azerbaijan, January 10. Azerbaijan plans
to construct two solar energy vegetation and one wind energy plant by the top
of 2024 and 2025, respectively, Trend reviews by way of Azerbaijani Energy Minister Parviz
Shahbazov’s put up on X (Twitter).
The minister famous that such an settlement was reached following
the go to of the United Arab Emirates (UAE) President to Baku and
the signing of a bundle of agreements on the event of inexperienced
“We dedicated to strengthening our relationship even additional in
order to display our solidarity for a inexperienced world. We need to
start building of two SPPs with a complete capability of 760 MW by
the top of this yr and one WPP with a capability of 240 MW subsequent
yr,” he defined.
Azerbaijan and the UAE signed a number of paperwork within the area of
power on January 9.
One of them, the Memorandum of Understanding (MoU) between the
Ministry of Energy of Azerbaijan and the Ministry of Investment of
the UAE, envisages the institution of a framework for funding
cooperation, particularly in transmission tasks, grid improvement,
and the alternate of technical experience and expertise within the
The MoU contains exploring funding alternatives on the 2
GW onshore solar energy, two GW wind energy, and 6 GW offshore wind
energy tasks, rooftop photo voltaic, inexperienced hydrogen, inexperienced ammonia,
artificial methane, sustainable aviation gasoline manufacturing, and inexperienced
power export tasks.
Besides, a calendar of occasions (street map) has additionally been agreed
upon for the development of photo voltaic and wind energy vegetation with a
capability of 1 GW on land in Azerbaijan in 2024-2027 (one wind
farm and two solar energy vegetation).
strategic cooperation settlement between Abu Dhabi National Oil
Company (ADNOC) and the State Oil Company of Azerbaijan
The Ministries of Finance of Azerbaijan and the UAE signed a
memorandum of understanding on cooperation; the Ministry of Ecology
and Natural Resources of Azerbaijan and the Ministry of Climate
Change and Environment of the UAE signed a protocol of intent.
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