UAE continues renewable energy push with Azerbaijan deal
The two countries will work to develop power from wind, solar and green hydrogen sources.
An Emirati renewable energy firm signed two cooperation agreements with Azerbaijan yesterday.
In the first agreement, Masdar and Azerbaijan’s Ministry of Energy pledged to develop onshore wind projects and solar photovoltaic projects each with a capacity of 1,000 megawatts. They also signed a deal on offshore wind projects and green hydrogen projects with a 2,000 megawatts capacity, Masdar said in a press release.
Masdar is owned by the United Arab Emirates sovereign wealth fund Mubadala.
The agreement followed Masdar and the ministry discussing green energy cooperation in Abu Dhabi last month, the official Azerbaijan State News Agency reported.
