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SOCAR signs joint development agreements for renewable energy sources

Monday, January 16 2023

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.

Related posts:

  1. First Shallow Water Absheron Peninsula exploration well spudded offshore Azerbaijan
  2. Masdar to develop mega projects in Azerbaijan
  3. SOCAR and Technip Energies enter cooperation agreement on offshore sustainable energy development
  4. Germany receives first container of UAE hydrogen-based ammonia fuel

Filed Under: Azerbaijan, International News, Joint Development Agreement, Masdar, SOCAR, UAE Tagged With: Azerbaijan, joint development, Masdar, Socar, UAE


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