Connection

popular articles

Vietnam: Nghi Son refinery seeks to import more Kuwaiti oil
TotalEnergies: Mozambique LNG project remains suspended pending security guarantees
Australia: Santos aims for over 30% increase in oil and gas production by 2027
Egypt secures 60 LNG cargoes from Shell and TotalEnergies in 2025
Wien Energie abandons Russian gas by 2025 for sustainable, safe energy

ACWA Power signs four agreements in Azerbaijan

ACWA Power signs key agreements to develop renewable energy in the Republic of Azerbaijan, reinforcing the commitment to a clean and sustainable energy future. The agreements, with the Ministry of Energy and Azerbaijan's state oil company, include wind power and energy storage projects that will improve the national power grid and reduce carbon emissions.

Please share:

ACWA Power recently announced the signing of four agreements for the development of renewable energy in the Republic of Azerbaijan.

 

Key agreements with the Ministry of Energy

ACWA Power has signed key implementation agreements with the Ministry of Energy and a cooperation agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR) for renewable energy projects. These agreements aim to improve Azerbaijan’s national power grid by integrating additional renewable energy sources and position the country to expand its export market.

 

Wind power and energy storage projects

ACWA Power’s new MOU with the Azerbaijani Ministry of Energy includes the development of a battery energy storage system, as well as implementation agreements for 1 GW and 1.5 GW of onshore and offshore wind. In addition, ACWA Power is pursuing its 240 MW wind farm project in Azerbaijan, which is expected to produce approximately one billion kilowatt hours of electricity per year and save approximately 220 million cubic meters of natural gas while reducing carbon emissions by more than 400,000 tons per year upon completion.

 

Public-private partnerships for accelerated development

ACWA Power entered the Azerbaijani market in 2019 and continues to expand its geographic footprint in the country using its public-private partnership model to support foreign direct investment that is critical to energy infrastructure development. These agreements reaffirm ACWA Power’s commitment to helping Azerbaijan achieve its ambitious goals of renewable energy integration, greenhouse gas emission reduction and decarbonization.

 

ACWA Power has signed major agreements to develop renewable energy in Azerbaijan in collaboration with the Ministry of Energy and the State Oil Company of the Republic of Azerbaijan. The wind power and energy storage projects will improve the national power grid, position the country to expand its export market and reduce carbon emissions. ACWA Power continues its commitment to leading and enabling the global energy transition using its public-private partnership model for accelerated development.

Register free of charge for uninterrupted access.

Publicite

Latest news

Eolink to deploy floating wind demonstrator for grid connection in 2027
NANO Nuclear begins construction of its first KRONOS MMR reactor with the University of Illinois
Poland: New agreement enables revival of AP1000 nuclear plant project
TotalEnergies strengthens its global portfolio with three renewable acquisitions
Berlin rules out any restart of Nord Stream 2 pipeline despite Russian speculation

Recently published in

TotalEnergies strengthens its global portfolio with three renewable acquisitions

TotalEnergies has completed strategic acquisitions in the wind, solar and hydropower sectors across Europe, Africa and Canada, thereby reinforcing its integrated power business in several key markets.
Trinasolar ISBU secures 30 MW solar deal with Equinix in Japan
Trinasolar ISBU will supply solar electricity to Equinix for 20 years through an agreement centred on the 30 MW Yufutsu Abira project in Hokkaidō Prefecture.
en_1140290952540-2
Trinasolar ISBU secures 30 MW solar deal with Equinix in Japan
Trinasolar ISBU will supply solar electricity to Equinix for 20 years through an agreement centred on the 30 MW Yufutsu Abira project in Hokkaidō Prefecture.
en_1140290952540-2
TerraForm Power settles $34.5mn lawsuit with former executive after nine-year litigation
TerraForm Power reached a $34.5mn court settlement with its former chairman Carlos Domenech, nine years after his dismissal, ending a case tied to SunEdison's financial management.
en_1140290946540
TerraForm Power settles $34.5mn lawsuit with former executive after nine-year litigation
TerraForm Power reached a $34.5mn court settlement with its former chairman Carlos Domenech, nine years after his dismissal, ending a case tied to SunEdison's financial management.
en_1140290946540
Sinopec reports USD 6.74 bn net profit and 75% payout ratio
Chinese group Sinopec reported annual revenue of CNY 3,070 bn and net profit of CNY 48.94 bn, achieving record performance across its oil, gas and chemical segments.
en_1140290945540
Sinopec reports USD 6.74 bn net profit and 75% payout ratio
Chinese group Sinopec reported annual revenue of CNY 3,070 bn and net profit of CNY 48.94 bn, achieving record performance across its oil, gas and chemical segments.
en_1140290945540

United States revokes Maurel & Prom’s oil licence in Venezuela

Maurel & Prom confirmed that US authorities cancelled its operating licence in Venezuela, while allowing it to finalise operations until 27 May.
Eesti Energia launches €200mn takeover bid to regain control of Enefit Green
Estonian state-owned energy group Eesti Energia plans to acquire all shares in its subsidiary Enefit Green in a voluntary takeover bid worth over €200mn, set to begin on April 8.
en_1140290956540-21
Eesti Energia launches €200mn takeover bid to regain control of Enefit Green
Estonian state-owned energy group Eesti Energia plans to acquire all shares in its subsidiary Enefit Green in a voluntary takeover bid worth over €200mn, set to begin on April 8.
en_1140290956540-21
The European Union integrates Orano’s battery recycling project into its industrial strategy
Orano's French hydrometallurgy project has been designated as strategic by the European Commission under the Critical Raw Materials Act, aimed at securing the supply of critical raw materials.
en_1140290951540-21
The European Union integrates Orano’s battery recycling project into its industrial strategy
Orano's French hydrometallurgy project has been designated as strategic by the European Commission under the Critical Raw Materials Act, aimed at securing the supply of critical raw materials.
en_1140290951540-21
TotalEnergies cuts emissions by 2.9% in 2024 and stays on course
TotalEnergies reported a 2.9% drop in emissions for 2024, reaffirming its climate strategy ahead of a key general meeting.
en_1140290958540-20
TotalEnergies cuts emissions by 2.9% in 2024 and stays on course
TotalEnergies reported a 2.9% drop in emissions for 2024, reaffirming its climate strategy ahead of a key general meeting.
en_1140290958540-20

Shell selects McDermott for three-year global framework agreement in engineering

Shell Global Solutions International B.V. has awarded McDermott a three-year framework agreement for engineering, procurement and project management services across several strategic markets.
Earth AI identifies six strategic tungsten and cobalt deposits in Australia using AI
Australian company Earth AI confirms six new mineral prospects, including cobalt and tungsten, discovered through its predictive exploration software based on artificial intelligence.
en_1140290962540-8
Earth AI identifies six strategic tungsten and cobalt deposits in Australia using AI
Australian company Earth AI confirms six new mineral prospects, including cobalt and tungsten, discovered through its predictive exploration software based on artificial intelligence.
en_1140290962540-8
Nexans strengthens copper recycling in northern France amid supply tensions
Nexans is expanding its industrial capacity near Noyelles-Godault to recycle more copper, as global demand outpaces primary mining production.
en_1140290950540-18
Nexans strengthens copper recycling in northern France amid supply tensions
Nexans is expanding its industrial capacity near Noyelles-Godault to recycle more copper, as global demand outpaces primary mining production.
en_1140290950540-18
Naturgy launches voluntary tender offer for 10% of its capital at €26.5 per share
Naturgy secures shareholder approval to buy back 10% of its shares to increase free float and boost market visibility.
en_1140290943540-21
Naturgy launches voluntary tender offer for 10% of its capital at €26.5 per share
Naturgy secures shareholder approval to buy back 10% of its shares to increase free float and boost market visibility.
en_1140290943540-21

Ardian takes control of Akuo to accelerate its strategy in renewable energy

Investment firm Ardian has completed the acquisition of renewable energy producer Akuo, active in photovoltaics, wind and storage, with stated ambitions for international expansion and increased capacity.
Shell expands cost-cutting plan to reach up to USD 7 bn by 2028
Shell aims to increase its cost reductions to USD 7 billion by 2028, leveraging artificial intelligence and targeted restructurings in its chemical divisions.
en_1140290958540-18
Shell expands cost-cutting plan to reach up to USD 7 bn by 2028
Shell aims to increase its cost reductions to USD 7 billion by 2028, leveraging artificial intelligence and targeted restructurings in its chemical divisions.
en_1140290958540-18
Global energy demand surged by 2.2% in 2024, driven by electricity
Global energy consumption growth doubled in 2024 compared to its ten-year average, fuelled by rising electricity use in advanced and emerging economies, according to a report by the International Energy Agency.
en_1140290943540-19
Global energy demand surged by 2.2% in 2024, driven by electricity
Global energy consumption growth doubled in 2024 compared to its ten-year average, fuelled by rising electricity use in advanced and emerging economies, according to a report by the International Energy Agency.
en_1140290943540-19
Crowley and Naturgy launch LNG supply between the United States and Puerto Rico
Crowley, in partnership with Naturgy, has launched LNG transport to Puerto Rico, bypassing restrictions imposed by the Jones Act to meet the island's energy demand.
en_1140290954540-14
Crowley and Naturgy launch LNG supply between the United States and Puerto Rico
Crowley, in partnership with Naturgy, has launched LNG transport to Puerto Rico, bypassing restrictions imposed by the Jones Act to meet the island's energy demand.
en_1140290954540-14

Abastible signs a long-term renewable energy purchase agreement with Zelestra in Chile

Abastible, a Chilean company specializing in liquefied gas and electricity, has signed a power purchase agreement with Zelestra. This hybrid project combines 220 MWdc of solar energy and 1 GWh of battery storage to support night-time energy supply.
Brookfield finalises the acquisition of Neoen and becomes the majority shareholder
Brookfield has completed the acquisition of 97.73% of Neoen, a French renewable energy producer, and has initiated the process to withdraw the company from the Paris Stock Exchange.
en_1140290943540-16
Brookfield finalises the acquisition of Neoen and becomes the majority shareholder
Brookfield has completed the acquisition of 97.73% of Neoen, a French renewable energy producer, and has initiated the process to withdraw the company from the Paris Stock Exchange.
en_1140290943540-16
Octopus Energy invests in four new renewable energy projects in France
Octopus Energy Generation announces four new investments in renewable energy in France, bringing the total capacity of its assets in the country to over 500 MW, with a target of one billion euros invested by 2025.
en_1140290951540-13
Octopus Energy invests in four new renewable energy projects in France
Octopus Energy Generation announces four new investments in renewable energy in France, bringing the total capacity of its assets in the country to over 500 MW, with a target of one billion euros invested by 2025.
en_1140290951540-13
Nexans sells its industrial division Lynxeo to Latour Capital for 525 million euros
Nexans has announced that it has entered into exclusive negotiations with the investment fund Latour Capital for the sale of Lynxeo, its industrial cable division, for an amount of 525 million euros. This transaction is part of the group’s strategy to focus on electrification.
en_1140290949540-12
Nexans sells its industrial division Lynxeo to Latour Capital for 525 million euros
Nexans has announced that it has entered into exclusive negotiations with the investment fund Latour Capital for the sale of Lynxeo, its industrial cable division, for an amount of 525 million euros. This transaction is part of the group’s strategy to focus on electrification.
en_1140290949540-12

France: uncertainties and challenges in industrial transformation at Fos-sur-Mer

In Fos-sur-Mer, the transformation of the industrial-port zone into a low-carbon industrial hub raises both ambitions and questions. Despite announced investments, challenges related to infrastructure, energy, and timelines remain significant.
Ecopetrol launches a market maker program to improve the liquidity of its shares
Ecopetrol S.A. has initiated a market maker program in collaboration with Andes Investment Group Inc. and Valores Bancolombia S.A. Comisionista de Bolsa, aiming to improve trading conditions and the liquidity of its shares on the Colombian Stock Exchange.
en_1140290962540-5
Ecopetrol launches a market maker program to improve the liquidity of its shares
Ecopetrol S.A. has initiated a market maker program in collaboration with Andes Investment Group Inc. and Valores Bancolombia S.A. Comisionista de Bolsa, aiming to improve trading conditions and the liquidity of its shares on the Colombian Stock Exchange.
en_1140290962540-5
TotalEnergies vs NGOs: Frequent Accusations, Rarely Convicted
TotalEnergies faces multiple lawsuits initiated by international NGOs over environmental and social issues related to its global projects. While several cases remain ongoing, the majority have been dismissed or dropped by the courts, questioning their legitimacy.
en_1140290953540-11
TotalEnergies vs NGOs: Frequent Accusations, Rarely Convicted
TotalEnergies faces multiple lawsuits initiated by international NGOs over environmental and social issues related to its global projects. While several cases remain ongoing, the majority have been dismissed or dropped by the courts, questioning their legitimacy.
en_1140290953540-11
Enel doubles its net profit to €7 billion in 2024 despite falling energy prices
Enel doubled its net profit to €7 billion in 2024, despite the decline in electricity and gas prices. The company also reduced its net debt through asset disposals and implemented a strategy focused on profitability.
en_1140290943540-11
Enel doubles its net profit to €7 billion in 2024 despite falling energy prices
Enel doubled its net profit to €7 billion in 2024, despite the decline in electricity and gas prices. The company also reduced its net debt through asset disposals and implemented a strategy focused on profitability.
en_1140290943540-11

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS