ACWA Power to develop RE projects in Azerbaijan

The agreements include the installation of 1GW onshore and 1.5GW offshore wind.

Saudi Arabia-based ACWA Power signed implementation agreements with Azerbaijan’s Ministry of Energy and a cooperation deal with the State Oil Company of Azerbaijan Republic for the development of renewable energy in the country.

In a statement, ACWA Power said the memorandum of understanding with the energy ministry includes the development of a battery energy storage system. Separate agreements were also signed for the deployment of one gigawatt (GW) of onshore wind, and 1.5GW of offshore wind.

Meanwhile, the agreement with the state’s oil company includes collaboration and exploration of renewables and green hydrogen.

ACWA Power is currently developing a 240-megawatt wind farm project that is expected to produce around one billion kilowatt-hours of electricity annually and save about 220 million cubic metres of natural gas.

The plant will also cut carbon emissions by over 400,000 tonnes per year after completion.

Follow the link for more news on

ACWA Power

Also Read

Alternergy receives initial tranche from $136m funding for Tanay project

Over 20 countries pledge no new coal power at COP29

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit