BAKU, Azerbaijan, February 27. The State Oil
Company of Azerbaijan (SOCAR) and the UAE's Masdar have engaged in
discussions regarding the ongoing green energy initiatives in
Azerbaijan, Trend
reports via SOCAR.
The meeting, which took place between SOCAR President Rovshan
Najaf and Masdar CEO Mohamed Jameel Al Ramahi, underscored the
success of the collaborative efforts between both entities in
advancing renewable energy projects. Key developments in the wind
and solar power plant projects currently underway in Azerbaijan,
driven by the partnership, were reviewed and celebrated.
The discussions also encompassed the future potential for
expanded collaboration in areas such as equitable energy
transitions and decarbonization, highlighting their mutual
commitment to these critical issues. Both parties emphasized the
importance of continuing their dialogue and deepening cooperation
in these domains.
Several joint green energy projects are already in progress
between Azerbaijan and Masdar, including the development of the
445-megawatt Bilasuvar Solar Power Plant, the 315-megawatt
Neftchala Solar Power Plant, and an onshore wind energy project in
the Absheron-Garadagh region. These projects are currently under
construction, further demonstrating the growing momentum of
Azerbaijan’s renewable energy sector.
