Azerbaijan to export both electricity and ‘green hydrogen’ to Europe

15:29 - 17 January 2023

January 17, Fineko/ Azerbaijan has reliable hydrocarbon reserves, and the government has taken significant steps in the field of renewable energy.

ABC.AZ reports that Hussain Muhammed Amir, who sponsored for the global offshore wind business with the Masdar, stated about this.

According to him, the Masdar company will implement its first project in the field of renewable energy with the State Oil Company of Azerbaijan (SOCAR): "I believe that these projects will maintain Azerbaijan's position as a reliable partner in energy supply to Europe. According to the memorandum of understanding signed between Azerbaijan and Europe, Azerbaijan will export both electricity and green hydrogen to Europe."

He recalled that last year the financing of the 230 MW Garadagh Solar Power Station located near the Alat settlement of Baku was achieved:

"According to the contract signed in 2022, 4 GW of energy will be produced in the first stage and 6 GW in the second stage. Of the 4 GW, 2 GW is integrated wind power, 1 GW is solar power, and 1 GW is wind power."