ECONOMY
SOCAR, UAE’s Masdar company sign joint development agreements for renewable energy sources
Baku, January 15, AZERTAC
Within the framework of President Ilham Aliyev’s working visit to the United Arab Emirates (UAE), the State Oil Company of Azerbaijan (SOCAR) and the UAE’s Masdar company have signed Agreements on the joint development of offshore wind energy and hydrogen projects with a capacity of 2 GW, as well as joint development of 1 GW solar photovoltaic (PV) and 1 GW onshore wind energy projects, SOCAR has told AZERTAC.
According to the company, these agreements will contribute to further strengthening of cooperation between Azerbaijan and the UAE, as well as reducing greenhouse gas emissions in Azerbaijan, developing renewable energy sources and sustainable economic growth of the country.
FEEDBACK
Other news in this section
- 03.05.2024 [17:14]
Azerbaijani, Russian deputy PMs meet in Moscow
- 03.05.2024 [15:15]
Heads of CIS state news agencies invited to Shusha Global Media Forum VIDEO
- 03.05.2024 [15:05]
Azerbaijan’s Minister of Finance holds several meetings in Tbilisi
- 03.05.2024 [14:38]
® Kapital Bank continues its high-interest deposit campaign
EFES-2024 exercise gets underway
- [13:02]
® Bakcell congratulated Ulviyya Fataliyeva, the champion chess player
- 02.05.2024 [20:55]
Dubai Airports cancels 13 flights, delays several amid heavy rainfall
- 02.05.2024 [20:22]
Death toll up to 48 after road collapse in south China's Guangdong
- 02.05.2024 [20:22]
6th World Forum on Intercultural Dialogue wraps up in Baku
- 02.05.2024 [20:21]
Azerbaijan, Russia discuss current regional situation
- 02.05.2024 [20:15]
Azerbaijani FM briefs AIPA Secretary General about COP29 preparation process
- 02.05.2024 [20:04]
Heydar Aliyev Foundation’s projects in Russia discussed
- 02.05.2024 [19:13]
Azerbaijani, Australian foreign ministries hold political consultations
- 02.05.2024 [18:45]
Tank units hold intensive combat training sessions
- 02.05.2024 [18:32]
® The "Create the Future with Your Own Hands" project in women's shelter
- 02.05.2024 [18:03]
To the Orthodox Christian community of Azerbaijan
- 02.05.2024 [17:59]
Azerbaijan, Turkiye discuss cooperation in protection of human rights
- 02.05.2024 [17:19]
Ancient papyrus reveals Plato’s final hours
- 02.05.2024 [16:57]
Azerbaijan, Ukraine discuss topical issues on current agenda of cooperation
- 02.05.2024 [16:40]
Shusha Declaration of the Religious leaders
- 02.05.2024 [15:44]
Religious leaders convene for meeting in Azerbaijan’s city of Shusha
- 02.05.2024 [15:14]
Asian Development Bank’s 57th Annual Meeting gets underway in Tbilisi
- 02.05.2024 [14:41]
President of Uzbekistan receives Azerbaijani delegation
- 02.05.2024 [14:22]
Azerbaijan, UNESCO discuss prospects for cooperation
- 02.05.2024 [14:07]
Death toll rises to 36 after road collapse in south China's Guangdong VIDEO
- 02.05.2024 [12:06]
Master plan for Kalbajar city approved
- 02.05.2024 [11:31]
Scientists explore how to improve crop yields - on Mars
- 02.05.2024 [11:27]
Azerbaijani oil price declines in global markets
- 02.05.2024 [11:15]
Tank units conduct intensive combat training sessions
- 02.05.2024 [11:00]
Oil prices surge in global markets
- 02.05.2024 [10:49]
55 injured after metro train-bus collision in Los Angeles
- 01.05.2024 [20:58]
Another training session commences for Azerbaijani reservists
- 01.05.2024 [20:53]
Azerbaijan, UNESCO explore prospects for cooperation
- 01.05.2024 [20:29]
About 300 arrested at Columbia University, City College protests: Mayor
- 01.05.2024 [20:08]
® Get 10% cashback on your first purchase with Birbank installment card
- 01.05.2024 [19:27]
Azerbaijan, Russia discuss bilateral cooperation
- 01.05.2024 [19:24]
President Ilham Aliyev received Speaker of Parliament of Iraq VIDEO
- 01.05.2024 [19:16]