Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Delayed Classification of Nuclear Hydrogen Could Undermine EU Decarbonisation Strategy
  • Honda Hits the Brakes on Canadian EV Ambitions Amid Trade Turbulence and Demand Slump
  • Germany’s EV Uptick Defies Incentive Cut—While Hydrogen Vehicles Retreat to Commercial Niche
  • Fortescue’s Strategic Retrenchment Reflects Green Hydrogen’s Global Growing Pains
  • Canada’s Steel Industry Pioneers Decarbonization for Economic and Environmental Success
  • California’s Clean Energy Push Gets $535M Boost as Aypa Power Secures Financing for Vidal Hybrid Project
  • Brazil Eyes Energy Transition with Russian-Backed SMRs
  • Envision Energy to Build Net Zero Industrial Park in Brazil Focused on Green Ammonia and SAF
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Featured
Green Hydrogen H2 News

ACWA Power signs Azerbaijan green hydrogen deals

Anela DoksoBy Anela Dokso10/02/20232 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

Four different agreements have been finalized for the development of new renewable energy in the Republic of Azerbaijan, according to ACWA Power, a prominent Saudi developer, investor, and operator of power generating, water desalination, and green hydrogen facilities worldwide.

With a strong public-private partnership model supporting its commitment to lead and facilitate the energy transition, ACWA Power has signed important implementation agreements with the Ministry of Energy and a collaboration agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR).

The new MoU between ACWA Power and the Ministry of Energy of Azerbaijan builds on recent cooperative efforts between the two parties for the SAR 1.1 billion 240 MW wind power plant project. It calls for the creation of a battery energy storage system as well as implementation agreements for 1GW and 1.5GW of onshore and offshore wind, respectively. While the agreement agreed on cooperation with SOCAR will guarantee cooperation and research in the areas of renewable energy and green hydrogen.

His Excellency Parviz Shahbazov, Minister of Energy of Azerbaijan, and Mohammad Abunayyan, Chairman of ACWA Power, signed the implementation agreements for the 1 GW and 1.5 GW wind farms, while Mr. Elnur Soltanov, Deputy Minister, and Raad Al-Saady, Advisor to the Chairman of the Board of ACWA Power, signed the MoU with Battery Energy Storage System (BESS). Mr. Afgan Isayev, advisor to the president, and Raad Al-Saady, advisor to the chairman of the board of ACWA Power, signed a cooperation agreement with SOCAR.

In Azerbaijan, ACWA Power is currently building a 240 MW wind farm project that will generate over one billion kilowatt-hours of power annually. Upon completion, the plant will save over 220 million cubic meters of natural gas and cut carbon emissions by over 400,000 tonnes annually.

2019 saw ACWA Power’s entry into the Azerbaijani market, and the company is still growing there. The business’s public-private partnership model encourages foreign direct investment, which is crucial for the development of energy infrastructure. In addition, the company is utilizing its global energy knowledge for a development that is moving very quickly. The agreements confirm ACWA Power’s dedication to helping Azerbaijan achieve its challenging goals for the integration of renewable energy sources, the reduction of greenhouse gas emissions, and decarbonization.

Share. LinkedIn Twitter Facebook Email

Related Posts

Green Hydrogen

Delayed Classification of Nuclear Hydrogen Could Undermine EU Decarbonisation Strategy

14/05/2025
EV

Honda Hits the Brakes on Canadian EV Ambitions Amid Trade Turbulence and Demand Slump

14/05/2025
Hydrogen

Germany’s EV Uptick Defies Incentive Cut—While Hydrogen Vehicles Retreat to Commercial Niche

14/05/2025
Energy

California’s Clean Energy Push Gets $535M Boost as Aypa Power Secures Financing for Vidal Hybrid Project

14/05/2025
Small Modular Reactors

Brazil Eyes Energy Transition with Russian-Backed SMRs

14/05/2025
hydrogen

Envision Energy to Build Net Zero Industrial Park in Brazil Focused on Green Ammonia and SAF

14/05/2025
Green Hydrogen

Delayed Classification of Nuclear Hydrogen Could Undermine EU Decarbonisation Strategy

14/05/2025
EV

Honda Hits the Brakes on Canadian EV Ambitions Amid Trade Turbulence and Demand Slump

14/05/2025
Hydrogen

Germany’s EV Uptick Defies Incentive Cut—While Hydrogen Vehicles Retreat to Commercial Niche

14/05/2025
Hydrogen

Fortescue’s Strategic Retrenchment Reflects Green Hydrogen’s Global Growing Pains

14/05/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.