Parviz Shahbazov, the energy minister for Azerbaijan, and
Mohammed Abdullah Rashid Abunayan, the chairman of the board of
ACWA Power in Saudi Arabia, signed a cooperation agreement during
the 9th ministerial meeting of the Southern Gas Corridor Advisory
Council and the 1st ministerial meeting of the Green Energy
Advisory Council, both of which were held in Baku, Azernews
According to the agreement, Azerbaijan will implement a 1.5 GW
offshore wind energy project.
Shahbazov claims that the partnership with ACWA Power is growing
through initiatives involving wind farms with a combined capacity
of 2.5 GW and the development of battery energy storage systems,
which are novel in our nation.
'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,' he said.
Under the direction of its wise and forward-thinking leadership,
Azerbaijan continues to maintain an upward trajectory towards a
cleaner, more sustainable future, as Mohammad Abunayyan, Chairman
of ACWA Power, added.
'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
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