BAKU, Azerbaijan, October 9. The Multilateral
Cooperation Center for Development Finance (MCDF) and the Asian
Infrastructure Investment Bank (AIIB) have provided $1.1 million in
grants for two green energy projects in Azerbaijan.
Azerbaijan’s Energy Minister Parviz Shahbazov announced the
agreements in a post on his X account.
“We signed grant agreements totaling $1.1 million for two major
green energy projects with the Asian Infrastructure Investment Bank
(AIIB), as the implementing partner of the Finance Facility of the
Multilateral Cooperation Center for Development Finance (MCDF).
This financial support will be directed toward preparing the
Caspian Green Energy Corridor project and conducting a conceptual
study on coastal infrastructure to support the development of
large-scale offshore wind energy. Our cooperation will contribute
to harnessing Azerbaijan’s renewable energy potential, expanding
green energy export opportunities, and strengthening regional
energy connectivity,” the post said.
Will be updated
