Azerbaijan's Energy Minister Discusses Topical Projects With Head Of ACWA Power

2024-04-16 07:11:02

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 16. The AzerbaijaniEnergy Minister discussed actual projects with the head of ACWAPower (Saudi Arabia) Marco Arcelli in Abu Dhabi, Azerbaijan'sEnergy Minister Parviz Shahbazov wrote on X, Trend reports.

"We discussed cooperation on offshore and onshore wind powerprojects, as well as projects on the creation of energy storagesystems in Azerbaijan," the minister said.

However, a memorandum of understanding on cooperation in thefield of wind energy has been in force between the Ministry ofEnergy of Azerbaijan and ACWA Power since January 13, 2022(opportunities for 1 GW onshore and 1.5 GW offshore are beingstudied).

ACWA Power is also building the 240 MW Khizi-Absheron wind farmin Azerbaijan for $300 million, and this facility may becommissioned in 2025.

To note, the parties have also agreed to cooperate on greenhydrogen and the creation of battery energy storage systems.

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