Masdar signs agreements to develop 4000 MW of clean and renewable energy ‘mega projects’ in Azerbaijan

Masdar signs agreements to develop 4000 MW of clean and renewable energy ‘mega projects’ in Azerbaijan

The implementation agreements were signed by HE Parviz Shahbazov, Minister of Energy, with Fawaz Al Muharrami, Acting Executive Director of Masdar Clean Energy, signing on behalf of Masdar, at an event in Shusha, held as a special session of Baku Energy Week.

HE Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, said, "The 4,000 MW of renewable energy projects announced today reinforce the close relationship between the United Arab Emirates and Azerbaijan and are a testament to our shared commitment to progressive climate action. These clean energy projects also demonstrate the valuable economic opportunities of the energy transition and will contribute to the energy diversification and energy security of Azerbaijan. Today's announcement also underscores the UAE and Masdar’s position as a global leader in renewable energy, as we progress our strategy toward a portfolio of at least 100 GW globally.”

HE Parviz Shahbazov, Minister of Energy, said, “Today we are going to sign mega projects with Masdar in accordance with the green energy course of the President of Azerbaijan, which defines renewable energy sources as a strategic priority for the country's development. These 4,000 MW solar, wind and green hydrogen projects, being the largest renewable