17:55 - 16.01.2023

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January 16, Fineko/abc.az. Yesterday, MASDAR and Azerbaijan’s national energy company SOCAR signed an agreement to develop four gigawatts wind and solar power plants in Azerbaijan, and this is only a short-term project. Mid-term projects will increase the volume up to 10 gigawatts.

ABC.AZ reports that Azerbaijani President Ilham Aliyev stated about this when delivering speech at the official opening of the Sustainable Development Week in Abu Dhabi, UAE.

The head of state said:

"And this is absolutely doable. We have a roadmap for that. This project, only this project, our cooperation with MASDAR will transform Azerbaijan into a very important source of green energy exports".

President Aliyev stressed in total, MoUs and agreements signed by Azerbaijan with the international energy companies will allow us to produce up to 22 gigawatts of wind and solar energy.