UAE’s Masdar Boosts Caspian Renewable Deals With Azeri Pact - Bloomberg
The United Arab Emirates is expanding renewable energy production in the Caspian and Central Asian regions as the country’s biggest clean-power producer moves ahead with plans to generate as much as 10 gigawatts of electricity from sources including solar and wind plants in Azerbaijan.
Masdar, owned by the Abu Dhabi government, signed agreements to build 1 GW of power capacity at two solar plants and one onshore wind project, the company said in a statement. The projects would be the first step in moving ahead with a broader plan signed in June 2022 to develop green energy in the country.
The company also inaugurated the 230 megawatt Garadagh Solar Park in Azerbaijan which will generate half a billion kilowatt-hours of electricity each year, enough to power more than 110,000 homes, Masdar said.
“This is the first large-scale, utility size solar PV project in Azerbaijan,” according to Maryam Al Mazrouei, Masdar’s senior manager for development in the region. The Garadagh project, Masdar’s first in the country, will supply power domestically in Azerbaijan over the next two decades, she said in an interview.
The state-run renewable energy producer has projects around the world, including plants and plans for facilities in the Caspian and Central Asia regions such as in Kazakhstan, Uzbekistan and Turkmenistan.
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