Azerbaijan, UAE discuss green energy projects

ECONOMICS  26 May 2023 - 20:46

Azerbaijan and the United Arab Emirates (UAE) discussed important projects being implemented jointly with Masdar in the field of green energy, Economy Minister Mikayil Jabbarov said.

“At a meeting with our colleague, SOCAR President Rovshan Najaf, Minister of Industry and Advanced Technologies of the United Arab Emirates, General Director of the Abu Dhabi National Oil Company and Chairman of Masdar Sultan Ahmed Al Jaber, we discussed the successful development of economic ties between our countries, the prospects for cooperation in the field of important projects implemented jointly with Masdar in the field of green energy, as well as in the field of energy,” the minister said on Twitter, Caliber.Az reports.

Together with our colleague @RovshanNajaf, the President of @SOCARofficial, we held a meeting with Minister of Industry and Advanced Technology of the United Arab Emirates, the CEO of ADNOC and the chairman of Masdar company Sultan bin Ahmed Al Jaber. During the meeting, we…

— Mikayil Jabbarov (@MikayilJabbarov) May 26, 2023

Masdar is currently developing the 230-megawatt (MW) Garadagh Solar Photovoltaic (PV) Power Plant in Azerbaijan, which is the first independent solar power project funded by foreign investment and will begin its commercial operations in 2023.

The plant will help generate 0.5 billion kilowatts per hour (KW/hour) of electricity annually, sufficient to meet the needs of over 110,000 homes and reduce over 200,000 tonnes of carbon emissions per year, as well as create new job opportunities for the local community.

In June 2022, Masdar announced the signing of several agreements with the Ministry of Energy of Azerbaijan to develop clean and renewable energy projects with a total capacity of 4,000 MW.

Caliber.Az