General – Renewable Energy
The State Oil Company of Azerbaijan (SOCAR) and United Arab Emirates’ Masdar company have signed Agreements on the joint development of offshore wind energy and hydrogen projects with a capacity of 2 GW, as well as joint development of 1 GW solar photovoltaic (PV) and 1 GW onshore wind energy projects.
According to SOCAR, these agreements will contribute to further strengthening of cooperation between Azerbaijan and the UAE, as well as reducing greenhouse gas emissions in Azerbaijan, developing renewable energy sources and sustainable economic growth of the country.
