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BAKU, Azerbaijan, July 31. Azerbaijan’s state
oil firm SOCAR and ACWA Energy mentioned additional steps for joint
growth of renewable vitality sources, Development experiences through
SOCAR.
On July 31, Rovshan Najaf, the President of the State Oil
Firm of the Republic of Azerbaijan (SOCAR), had a productive
assembly with Marco Arcelli, the CEO of ACWA Energy within the Kingdom of
Saudi Arabia.
In the course of the assembly, the profitable actions of ACWA Energy in
Azerbaijan had been warmly acknowledged and appreciated. Particularly,
they highlighted the numerous progress made by ACWA Energy in
launching the development of the Khizi-Absheron wind farm,
boasting a powerful capability of 240 MW. This endeavor stands as
an important contribution in direction of implementing the nation’s inexperienced
vitality technique and enhancing vitality safety. Moreover, the
members emphasised how ACWA Energy’s investments in renewable
vitality sources in Azerbaijan exemplify the favorable funding
local weather prevalent within the nation.
The focus of debate revolved across the upcoming
actions underneath the cooperation settlement signed in February of
the identical yr between SOCAR and ACWA Energy. This settlement aimed toward
joint growth of renewable vitality sources each at sea and on
land, together with the implementation of different associated tasks.
The assembly fostered an intensive trade of views on numerous
alternatives for cooperation within the realm of vitality transition,
decarbonization, and different issues of mutual curiosity.
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