Azerbaijan's energy minister discusses topical projects with head of ACWA Power
Qabil Ashirov
Read moreThe Azerbaijani Energy Minister discussed actual projects with the head of ACWA Power (Saudi Arabia) Marco Arcelli in Abu Dhabi, Azerbaijan's Energy Minister Parviz Shahbazov wrote on X, Azernews reports.
"We discussed cooperation on offshore and onshore wind power projects, as well as projects on the creation of energy storage systems in Azerbaijan," the minister said.
We discussed the cooperation on the projects of onshore and offshore #WindEnergy, and #EnergyStorageSystems with Marco Arcelli, the CEO of @ACWAPower, in Abu Dhabi. pic.twitter.com/r7ZhVjK60v
— Parviz Shahbazov (@ParvizShahbazov) April 16, 2024
However, a memorandum of understanding on cooperation in the field of wind energy has been in force between the Ministry of Energy of Azerbaijan and ACWA Power since January 13, 2022 (opportunities for 1 GW onshore and 1.5 GW offshore are being studied).
ACWA Power is also building the 240 MW Khizi-Absheron wind farm in Azerbaijan for $300 million, and this facility may be commissioned in 2025.
To note, the parties have also agreed to cooperate on green hydrogen and the creation of battery energy storage systems.
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