{"id":974,"date":"2024-11-15T10:08:53","date_gmt":"2024-11-15T06:08:53","guid":{"rendered":"https:\/\/www.utilitybusinessmena.com\/?p=974"},"modified":"2024-11-15T10:08:53","modified_gmt":"2024-11-15T06:08:53","slug":"masdar-socar-green-and-acwa-power-explore-3-5-gw-offshore-wind-development-in-azerbaijan","status":"publish","type":"post","link":"https:\/\/cheeltech.com\/utilitybusinessmena\/electricity\/masdar-socar-green-and-acwa-power-explore-3-5-gw-offshore-wind-development-in-azerbaijan","title":{"rendered":"Masdar, SOCAR Green, and ACWA Power explore 3.5 GW offshore wind development in Azerbaijan"},"content":{"rendered":"\n

In a strategic move to accelerate Azerbaijan\u2019s renewable energy ambitions, Masdar<\/a>, SOCAR Green<\/a>, and ACWA Power <\/a>have signed a Memorandum of Understanding (MoU) to jointly explore the development of 3.5 gigawatts (GW) of offshore wind projects in Azerbaijan\u2019s Caspian Sea waters.<\/p>\n\n\n\n

Signed during COP29 in Baku, the agreement marks a significant milestone in Azerbaijan\u2019s clean energy journey, representing the nation\u2019s first foray into offshore wind power.<\/p>\n\n\n\n

The agreement was formalised by Rovshan Najaf, President of SOCAR; Abdulaziz Alobaidli, COO of Masdar; and Marco Arcelli<\/a>, CEO of ACWA Power.<\/p>\n\n\n\n

The partners aim to establish a structured roadmap to facilitate the development of offshore wind, a key component of Azerbaijan’s push for renewable energy and net-zero emissions by 2050.<\/p>\n\n\n\n

Masdar CEO Mohamed Jameel Al Ramahi<\/a> highlighted Azerbaijan as a \u201ckey strategic partner\u201d in advancing clean energy, while ACWA Power CEO Marco Arcelli stressed the collaboration\u2019s role in supporting global decarbonisation goals. SOCAR\u2019s Najaf called the MoU a \u201csignificant step\u201d in unlocking the Caspian Sea\u2019s vast wind potential and advancing Azerbaijan\u2019s energy transition.<\/p>\n\n\n\n

The offshore projects are expected to strengthen Azerbaijan\u2019s renewable portfolio alongside notable solar and wind initiatives, including the Garadagh Solar Plant and ACWA Power\u2019s Khizi-Absheron Wind Farm, enhancing energy security and fostering economic growth in the region.<\/p>\n\n\n\n

Established in 2024, SOCAR Green leads Azerbaijan\u2019s renewable transition, aligning with international partners to drive sustainable development.<\/p>\n\n\n\n

Masdar, a pioneer in UAE\u2019s sustainability initiatives since 2006, and ACWA Power, active in Azerbaijan since 2019, both reinforce their commitment to global energy transition goals through this partnership.<\/p>\n","protected":false},"excerpt":{"rendered":"

The partners aim to establish a structured roadmap to facilitate the development of offshore wind, a key component of Azerbaijan’s push for renewable energy and net-zero emissions by 2050<\/p>\n","protected":false},"author":2,"featured_media":975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1105,36,40,428,41,653],"tags":[50,789,134,170,42,1149,279],"class_list":{"0":"post-974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cop29","8":"category-electricity","9":"category-news","10":"category-power","11":"category-renewable-energy","12":"category-wind-energy","13":"tag-acwa-power","14":"tag-azerbaijan","15":"tag-marco-arcelli","16":"tag-masdar","17":"tag-renewable-energy","18":"tag-socar","19":"tag-wind-energy"},"_links":{"self":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/comments?post=974"}],"version-history":[{"count":0,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media\/975"}],"wp:attachment":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media?parent=974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/categories?post=974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/tags?post=974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}