(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 3. Minister of
Energy of Azerbaijan Parviz Shahbazov and Chairman of Board of
Saudi Arabia's ACWA Power Mohammed Abdullah Rashid Abunayan have
signed a cooperation agreement within the framework of the Southern
Gas Corridor Advisory Council 9th Ministerial Meeting and the Green
Energy Advisory Council 1st Ministerial Meeting held in Baku,
trend reports.
The agreement envisages the implementation of a 1.5 GW offshore
wind power project in Azerbaijan.
According to Shahbazov, partnership with ACWA Power is expanding
through projects on wind power plants with a total capacity of 2.5
GW and the creation of battery energy storage systems for the first
time in our country.
'These projects are further contributions to the implementation
of the state policy on the development of Azerbaijan as a country
of 'green growth' and supplier of green energy. Our joint activity
with ACWA Power is of importance for reducing carbon emissions and
accelerating the energy transition, as well as ensuring new
capacities for the planned green energy corridor from the Caspian
to Europe,' the minister said.
As Mohammad Abunayyan, Chairman of ACWA Power, added, Azerbaijan
continues to maintain an upward trajectory towards a cleaner, more
sustainable future under the guidance of its wise and
forward-thinking leadership.
'At ACWA Power we greatly value our relationship with our
Azerbaijani partners and with the signing of the new agreements
today, we are excited to expand our role in accelerating the
nation's energy transformation,' he added.
Meanwhile, the cooperation is currently underway with ACWA Power
on the construction of the 240 MW Khizi-Absheron wind power
plant.
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