Azerbaijani President Meets With Fortescue Future Industries Executive Chairman In Davos
Date
1/17/2023 3:22:47 PM
(MENAFN- AzerNews) Azerbaijani President Ilham Aliyev has met with Executive
Chairman of Fortescue Future Industries Andrew Forrest in
Davos.
They noted that the memorandum signed last month between
Azerbaijani energy Ministry and Fortescue Future Industries
provided for the implementation of a project on the production of
12,000 megawatts of wind and solar energy in Azerbaijan.
They also stressed the importance of the signing of the
“Agreement on a strategic partnership in the field of green energy
development and transmission between the governments of the
Republic of Azerbaijan, Georgia, Romania and Hungary” in
Bucharest.
The sides noted the significance of delivering through this
project the green energy produced in Azerbaijan to the European
market in the future.
During the conversation, they emphasized the importance of
cooperation in the implementation of a project on the production of
hydrogen, including green hydrogen in Azerbaijan.
It was noted that the memorandums of understanding and
agreements signed by Azerbaijan with international energy companies
will enable the country to produce up to 22,000 megawatts of wind
and solar energy. It was underlined that the production of 12,000
megawatts of that energy is planned to be carried out by SOCAR and
“Fortescue Future Industries”.
A favorable investment climate in Azerbaijan was highlighted
during the conversation.
They said that Azerbaijan has rich renewable energy potential,
and exchanged views on the prospects for cooperation.
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