Azerbaijani energy ministry, TotalEnergies sign deal on green energy in Nakhchivan

ECONOMICS  03 June 2023 - 17:23

Azerbaijan’s Energy Ministry and TotalEnergies Renewables SAS signed a memorandum of understanding on cooperation in green energy in the Nakhchivan Autonomous Republic.

In this vein, the sides signed the document on the activities for the evaluation and implementation of projects of onshore wind farms with a capacity of 250 MW, solar power plants with a capacity of 250 MW in Nakhchivan AR, as well as energy storage systems, Report informs. 

The signing ceremony took place at a special session within the framework of the Baku Energy Week in Nakhchivan.

In addition, the ministry and Nobel Energy Management LLC signed a "Memorandum of Understanding on Cooperation in connection with the construction of a 400 MW solar power plant in the Nakhchivan Autonomous Republic and the export of electricity to Türkiye”. 

As part of the event, the State Oil Company (SOCAR) and China Energy International Group Co.Ltd signed a cooperation agreement.

The agreement provides for the development of renewable energy projects in the territory of Azerbaijan, the organisation of the exchange of experience between the parties, the optimal approach to the implementation of potential projects in technical and financial terms, and other issues.

Caliber.Az