Azerbaijan - The agreement is part of the country's goal to source 30% of its domestic power needs from renewable sources by 2030

UAE-based energy company Masdar has announced that it has signed agreements with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the development of 4GW of wind and solar power capacity integrated with green hydrogen projects.

The agreements were signed by officials on the sidelines of Abu Dhabi Sustainability Week, a global platform to expedite sustainable development, which was hosted by Masdar.

As an integrated national oil and gas company, SOCAR works to improve Azerbaijan's energy security.

Masdar CEO Mohammed Jameel Al Ramahi said: "Masdar sees Azerbaijan as a key strategic partner, one we are proud to support in its clean energy journey.

"This signing marks a milestone on the development and delivery of a significant collaboration that will advance Azerbaijan's renewable energy goals and support its ongoing sustainable economic development."

The projects are part of Azerbaijan's goal to source 30% of its domestic power requirements from renewables by 2030.

Source: Power Technology