Masdar to build 4 GW of clean energy in Azerbaijan
Azerbaijan renewables green
The first exclusive concession includes building an onshore wind project and a solar project with capacities of 1 GW each. It also includes plans to study and strengthen the country’s electricity export network.
The second involves constructing integrated offshore wind and green hydrogen developments with a capacity of 2 GW.
The agreements include the rights to develop an additional 6 GW of capacity, making it the largest signing of its kind in Azerbaijan.
Masdar also signed an MoU with NOC State Oil Company of Azerbaijan for joint development of renewable energy sources.
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