MP: Cooperation with Arab companies to boost green energy production in Azerbaijan

The implementation of contracts signed between Azerbaijan and Arab companies will significantly increase the production of "green" energy in Azerbaijan.

The remarks were made by a member of Azerbaijan’s Parliament Fatma Yildirim at an event dedicated to the World Arabic Language Day, Trend reports.

"The implementation of contracts signed between Azerbaijani organisations and Arab companies will significantly increase the production of green energy from renewable sources across Azerbaijan," she said.

According to her, Arab companies play a special role in investing in the economy of Azerbaijan.

"One example of such cooperation is the agreement between the Ministry of Energy of Azerbaijan and ACWA Power from Saudi Arabia and Masdar from the UAE, concluded in January 2020. ACWA Power participated in the implementation of projects related to the construction of a 240-megawatt wind farm, while Masdar participated in the construction of a 200-megawatt solar power plant in Azerbaijan," she added.

Yildirim also mentioned that several Arab companies are interested in investing in the implementation of projects in the liberated territories of Azerbaijan.

"Participation of companies owned by Arab states in the reconstruction of our liberated territories is an important factor in further strengthening our friendship," she emphasised.