Connection

popular articles

Waaree inaugurates 5.4 GW solar gigafactory in Chikhli, strengthening India’s industrial capacity
Bangladesh revives solar push with 2.65 GW tender amid investor concerns
Poland injects 60 billion zloty into its first nuclear power plant
The World Bank anticipates a historic drop in oil prices in 2025
Soleos Energy and Melci Launch a 200 MW Solar Power Plant in DRC

Masdar strengthens its commitment to renewable energy in Azerbaijan

Masdar, a fast-growing renewable energy company, has announced plans to strengthen its commitment to renewable energy development in Azerbaijan with the opening of a new office in the capital city of Baku.
  • [favorite_button]

Please share:

Masdar has announced its intention to strengthen its commitment to the development of renewable energy in Azerbaijan with the opening of a new office in the capital city of Baku.

 

Inauguration of the new office

The opening of Masdar’s office in Baku was attended by the UAE ambassador to Azerbaijan, David Abdullayev, director of the Azerbaijan Renewable Energy Agency, and a delegation from Masdar led by its director general, Mohamed Jameel Al Ramahi.

 

Commitment to decarbonization

Masdar will work closely with the government and other stakeholders in Azerbaijan to accelerate the growth of the renewable energy sector. The country continues to take bold steps to meet its clean energy and low-carbon transition goals.

Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Elect and Chairman of Masdar, said that both the UAE and Azerbaijan recognize the importance of investment in renewable energy to foster economic diversification, stability and growth.

Mohammed Murad Al Blooshi, UAE ambassador to Azerbaijan, said the opening of the new Masdar office in Azerbaijan is a testament to the two countries’ shared ambition for renewable energy and sustainability. Both nations are committed to working together to create a sustainable future.

 

Azerbaijan’s renewable energy ambitions

Azerbaijan has announced its intention to increase its installed electricity capacity from renewable sources by 30% by 2030. This strategy aims to diversify its economy and reduce its greenhouse gas emissions. The government of Azerbaijan considers the development of renewable energy sources as a priority for the development of the country and wants to make it a major producer and exporter of green energy.

At Abu Dhabi Sustainability Week 2023, the President of the Republic of Azerbaijan, Heydar Aliyev, gave a fiery speech highlighting his country’s clean energy goals and emphasized the role of his partnership with Masdar in achieving them. During ADSW, Masdar signed joint development agreements for offshore wind, solar, and integrated wind and green hydrogen projects with a total capacity of 4 GW. This is part of a broader agreement with the Azerbaijani Ministry of Energy to develop a renewable energy program on a bilateral basis with a total capacity of 10 GW through different technologies. This is one of the largest signatures of its kind in the history of Azerbaijan.

Register free of charge for uninterrupted access.

Publicite

Latest news

India’s coal-fired electricity generation drops 9.5% in May, steepest decline in five years
Pine Gate signs 586 MW deal with Waaree for US-made solar modules
CIB grants $97mn loan for Wedgeport Wind Farm in Nova Scotia
NANO Nuclear strengthens its board with former U.S. Department of Energy official
US crude oil inventories fall by 4.3 million barrels

Recently published in

Renewable energies accounted for 33.9% of electricity consumption in France in 2024

In 2024, renewable energies covered 33.9% of electricity consumption in metropolitan France, driven by increased hydropower output and solar capacity expansion.
The CRE unveils its strategic guidelines for 2030
The French Energy Regulatory Commission (CRE) has announced its strategic guidelines for 2030, focusing on the energy transition, European competitiveness and consumer needs.
en_1140290997540
The CRE unveils its strategic guidelines for 2030
The French Energy Regulatory Commission (CRE) has announced its strategic guidelines for 2030, focusing on the energy transition, European competitiveness and consumer needs.
en_1140290997540
Spain settles $26.8 million debt in international energy dispute
Madrid paid an arbitration award to Blasket Renewable Investments after more than ten years of litigation related to the withdrawal of tax advantages for renewable energy investors.
en_1140290983540
Spain settles $26.8 million debt in international energy dispute
Madrid paid an arbitration award to Blasket Renewable Investments after more than ten years of litigation related to the withdrawal of tax advantages for renewable energy investors.
en_1140290983540
The renewable energy market reaches $1,200 billion in 2024
The global renewable energy market continues to grow, reaching $1,200 billion in 2024, according to a report by the International Energy Agency (IEA), supported by investments in solar and wind energy.
en_1140290977540
The renewable energy market reaches $1,200 billion in 2024
The global renewable energy market continues to grow, reaching $1,200 billion in 2024, according to a report by the International Energy Agency (IEA), supported by investments in solar and wind energy.
en_1140290977540

Saint-Jean-Baptiste Cooperative secures $3.43mn to modernise electrical grid

The Québec government is granting $3.43mn to the Saint-Jean-Baptiste Electric Cooperative to deploy smart meters and upgrade infrastructure across 16 municipalities.
Tariff increases slow down energy projects in the United States
New US tariff measures are driving up energy sector costs, with a particularly strong impact on storage and solar, according to a study by Wood Mackenzie.
en_1140290960540-3
Tariff increases slow down energy projects in the United States
New US tariff measures are driving up energy sector costs, with a particularly strong impact on storage and solar, according to a study by Wood Mackenzie.
en_1140290960540-3
Europe Faces Critical Stagnation in Climate and Environmental Investments
Despite the proclaimed urgency, European climate investments stagnate around €500 billion per year, far from the estimated needs of nearly €850 billion. New financial instruments are attempting to revive an indispensable momentum.
en_1140290944540-3
Europe Faces Critical Stagnation in Climate and Environmental Investments
Despite the proclaimed urgency, European climate investments stagnate around €500 billion per year, far from the estimated needs of nearly €850 billion. New financial instruments are attempting to revive an indispensable momentum.
en_1140290944540-3
African Debt: Why Investors Must Anticipate Immediate Climate Impacts
African countries now spend more on debt service than on education and healthcare, limiting essential investments despite significant energy potential. The G20, under pressure, struggles to provide an adequate response to the financial and climate challenges.
en_1140290945540-3
African Debt: Why Investors Must Anticipate Immediate Climate Impacts
African countries now spend more on debt service than on education and healthcare, limiting essential investments despite significant energy potential. The G20, under pressure, struggles to provide an adequate response to the financial and climate challenges.
en_1140290945540-3

Egypt authorises four private producers to supply 400 MW of electricity to industrial clients

Four renewable energy producers have been authorised to sell 400 MW directly to Egyptian industrial companies without public support.
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2
Madrid rejects claims of experiment linked to nationwide power outage
Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
en_1140290951540-16
Madrid rejects claims of experiment linked to nationwide power outage
Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
en_1140290951540-16
Wood Mackenzie’s tariff scenarios reshape global energy policy
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.
en_1140290949540-15
Wood Mackenzie’s tariff scenarios reshape global energy policy
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.
en_1140290949540-15

The European Union moves closer to 2030 energy targets, says Brussels

The European Commission states the Union is on track to cut emissions by 54% by 2030, following updated national plans.
South Korea Launches Tenders for 2.25 GW of Renewable Energy
South Korea announces two major tenders totaling 2.25 GW, split between offshore wind and solar, introducing new economic and technical criteria designed to strengthen energy security and attract international investors.
en_1140290960540-14
South Korea Launches Tenders for 2.25 GW of Renewable Energy
South Korea announces two major tenders totaling 2.25 GW, split between offshore wind and solar, introducing new economic and technical criteria designed to strengthen energy security and attract international investors.
en_1140290960540-14
Ember forecasts solar and wind could power 30% of ASEAN data centres
Ember anticipates that a third of ASEAN data centre electricity demand could be met by wind and solar by 2030, without batteries, if appropriate political measures are implemented.
en_1140290952540-14
Ember forecasts solar and wind could power 30% of ASEAN data centres
Ember anticipates that a third of ASEAN data centre electricity demand could be met by wind and solar by 2030, without batteries, if appropriate political measures are implemented.
en_1140290952540-14
India steps up energy strategy as electricity demand set to triple
A Rocky Mountain Institute report reveals India’s energy ambition, with electricity demand potentially tripling by 2050, backed by an industrial policy focused on renewable energy.
en_1140290956540-14
India steps up energy strategy as electricity demand set to triple
A Rocky Mountain Institute report reveals India’s energy ambition, with electricity demand potentially tripling by 2050, backed by an industrial policy focused on renewable energy.
en_1140290956540-14

Indonesia plans 69.5 GW of new power capacity by 2034

The Indonesian government targets a mixed energy expansion involving coal, gas, renewables, and nuclear, requiring IDR2,967.4tn ($235bn) in investment by the end of 2034.
Tim Hodgson aims to accelerate permitting to revitalize Canada’s energy sector
Canadian Natural Resources Minister Tim Hodgson announces reforms to the energy permitting process, aiming to stimulate investments and strengthen relations between the government and industry.
en_1140290944540-12
Tim Hodgson aims to accelerate permitting to revitalize Canada’s energy sector
Canadian Natural Resources Minister Tim Hodgson announces reforms to the energy permitting process, aiming to stimulate investments and strengthen relations between the government and industry.
en_1140290944540-12
Washington prepares to remove emissions limits for coal and gas power plants
The U.S. Environmental Protection Agency is finalising a proposal to lift emissions caps for thermal power plants, amid a broader shift toward national energy security.
en_1140290959540-12
Washington prepares to remove emissions limits for coal and gas power plants
The U.S. Environmental Protection Agency is finalising a proposal to lift emissions caps for thermal power plants, amid a broader shift toward national energy security.
en_1140290959540-12
Pakistan allocates 2,000 MW to AI data centres and Bitcoin mining operations
The Pakistani government is releasing 2,000 megawatts of power to support the development of data centres focused on artificial intelligence and Bitcoin mining, as part of a strategy to attract foreign investment.
en_1140290956540-12
Pakistan allocates 2,000 MW to AI data centres and Bitcoin mining operations
The Pakistani government is releasing 2,000 megawatts of power to support the development of data centres focused on artificial intelligence and Bitcoin mining, as part of a strategy to attract foreign investment.
en_1140290956540-12

Belgium legalises extension of two nuclear reactors until 2045

Belgium’s federal parliament has adopted a law authorising the extension of Doel-4 and Tihange-3 reactors and allowing new nuclear construction, ending the nuclear phase-out policy established in 2003.
Australia commits AUD 22.7bn to support its energy policy through 2030
The re-elected Australian government is investing heavily in storage, critical minerals and domestic production to meet its target of 82% renewable electricity by 2030.
en_1140290972540-3
Australia commits AUD 22.7bn to support its energy policy through 2030
The re-elected Australian government is investing heavily in storage, critical minerals and domestic production to meet its target of 82% renewable electricity by 2030.
en_1140290972540-3
US budget proposal threatens tax incentives for renewable energy projects
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
en_1140290975540-2
US budget proposal threatens tax incentives for renewable energy projects
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
en_1140290975540-2
China slows fossil fuel output in April despite higher year-on-year volumes
China's gas, oil and coal volumes remain above last year’s levels, despite a decline in April compared to the record highs of March.
en_1140290979540-3
China slows fossil fuel output in April despite higher year-on-year volumes
China's gas, oil and coal volumes remain above last year’s levels, despite a decline in April compared to the record highs of March.
en_1140290979540-3

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS