Connection

popular articles

14 financial institutions support nuclear expansion by 2050
Supermajors Vie for Stake in Galp’s Massive Mopane Oil Discovery in Namibia
Norway Sets a Cap of 35 Billion NOK for Floating Wind
Siemens Energy Reduces Losses and Improves Financial Outlook
Europe strengthens its winter gas preparedness despite the Ukraine-Russia agreement

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

China Facing the Limits of Its Solar Supremacy: Overproduction, Tariffs, and Price Wars
France: Paris renews its electrical network to withstand heatwaves
Drought in Ecuador: the government imposes electricity cuts of 10 hours per day
Nigeria: Record Increase in Gasoline Prices Amid Economic Crisis
Grid Connection Secured for 1.1 GW Floating Offshore Wind Farm Project in South Korea

Recently published in

Cyberattacks: Fortum Faces Increasing Threats to Its Infrastructures in Finland and Sweden

Fortum, a major player in the Finnish energy sector, is confronting a surge of cyberattacks and suspicious surveillance activities around its facilities in Finland and Sweden, likely orchestrated by Russian actors, heightening geopolitical tensions in the region.
Analysis of Orlen’s Olefins Project Challenges and Strategic Implications
Orlen is facing significant cost overruns and governance issues in its Olefins III project, threatening its financial stability and position in the European petrochemical market.
Analysis of Orlen’s Olefins Project Challenges and Strategic Implications
Orlen is facing significant cost overruns and governance issues in its Olefins III project, threatening its financial stability and position in the European petrochemical market.
Chevron Canada sells its stakes in Athabasca and Duvernay for $6.5 billion
Chevron Canada Limited and Chevron Canada Oil Sands Partnership have entered into a definitive agreement to sell their interests in the Athabasca Oil Sands Project and Duvernay shale to Canadian Natural Resources Limited for $6.5 billion.
Chevron Canada sells its stakes in Athabasca and Duvernay for $6.5 billion
Chevron Canada Limited and Chevron Canada Oil Sands Partnership have entered into a definitive agreement to sell their interests in the Athabasca Oil Sands Project and Duvernay shale to Canadian Natural Resources Limited for $6.5 billion.
Suspension of ElecLink: Getlink anticipates a commercial impact of 46 million euros
Getlink temporarily suspends the activity of ElecLink, its cross-channel electric cable connecting France to the United Kingdom, due to a structural defect. The group estimates that this suspension will result in a commercial impact of 46 million euros.
Suspension of ElecLink: Getlink anticipates a commercial impact of 46 million euros
Getlink temporarily suspends the activity of ElecLink, its cross-channel electric cable connecting France to the United Kingdom, due to a structural defect. The group estimates that this suspension will result in a commercial impact of 46 million euros.

Qatar Electricity and Water Company develops a 500 MW peak power plant

Qatar Electricity and Water Company partners with KAHRAMAA to develop a 500 MW peak power plant in Ras Abu Fontas. The project aims to meet Qatar’s growing energy needs while strengthening the local infrastructure.
TotalEnergies Confirms its Willingness for Dual Listing in New York Backed by the Board
TotalEnergies announces its intention to establish a dual listing in New York, supported unanimously by its board of directors, while maintaining its presence on the Paris stock market.
TotalEnergies Confirms its Willingness for Dual Listing in New York Backed by the Board
TotalEnergies announces its intention to establish a dual listing in New York, supported unanimously by its board of directors, while maintaining its presence on the Paris stock market.
TPG Acquires Techem for €6.7 Billion, Betting on Energy Efficiency
TPG, through its TPG Rise Climate fund, acquires the German company Techem for €6.7 billion from Partners Group. This transaction reflects the American fund’s commitment to strengthening its presence in energy efficiency solutions within the real estate sector.
TPG Acquires Techem for €6.7 Billion, Betting on Energy Efficiency
TPG, through its TPG Rise Climate fund, acquires the German company Techem for €6.7 billion from Partners Group. This transaction reflects the American fund’s commitment to strengthening its presence in energy efficiency solutions within the real estate sector.
Masdar strengthens its position in Iberia with major renewable energy acquisitions
Masdar, owned by the Abu Dhabi National Oil Company (ADNOC), the sovereign wealth fund Mubadala Investment Company, and energy company TAQA, is actively expanding its presence in the renewable energy sector across Europe. The group recently acquired the Spanish firm Saeta Yield from Brookfield Renewable for $1.4 billion. This transaction includes 745 MW of operational wind and solar assets spread across Spain and Portugal, as well as a 1.6 GW development pipeline scheduled for commissioning by 2030.
Masdar strengthens its position in Iberia with major renewable energy acquisitions
Masdar, owned by the Abu Dhabi National Oil Company (ADNOC), the sovereign wealth fund Mubadala Investment Company, and energy company TAQA, is actively expanding its presence in the renewable energy sector across Europe. The group recently acquired the Spanish firm Saeta Yield from Brookfield Renewable for $1.4 billion. This transaction includes 745 MW of operational wind and solar assets spread across Spain and Portugal, as well as a 1.6 GW development pipeline scheduled for commissioning by 2030.

Further sale of Enilive by Eni in parallel with negotiations with KKR

Eni is in advanced discussions with KKR to sell 20% of its biofuels subsidiary Enilive. Other investors, such as Stonepeak, are showing an interest in a new stake.
Vertex Energy files for bankruptcy and explores a sale in a market in crisis
Vertex Energy, a major player in the biofuels sector, is declaring bankruptcy and looking for a buyer. This situation illustrates the challenges faced by renewable diesel producers in a market dependent on subsidies.
Vertex Energy files for bankruptcy and explores a sale in a market in crisis
Vertex Energy, a major player in the biofuels sector, is declaring bankruptcy and looking for a buyer. This situation illustrates the challenges faced by renewable diesel producers in a market dependent on subsidies.
JetBlue strengthens its sustainable fuel supply with Aether Fuels
JetBlue and Aether Fuels sign agreement to produce sustainable aviation fuel from waste. The collaboration aims to accelerate the decarbonization of the aviation sector.
JetBlue strengthens its sustainable fuel supply with Aether Fuels
JetBlue and Aether Fuels sign agreement to produce sustainable aviation fuel from waste. The collaboration aims to accelerate the decarbonization of the aviation sector.
AM Green acquires Chempolis to accelerate SAF production
AM Green pursues its energy transition strategy with the acquisition of Chempolis Oy. The aim is to produce 0.5 million tonnes of sustainable aviation fuel (SAF) per year by 2027 using biorefineries.
AM Green acquires Chempolis to accelerate SAF production
AM Green pursues its energy transition strategy with the acquisition of Chempolis Oy. The aim is to produce 0.5 million tonnes of sustainable aviation fuel (SAF) per year by 2027 using biorefineries.

Air France-KLM: New sustainable fuel agreement with TotalEnergies

Air France-KLM has signed a contract with TotalEnergies for the purchase of 1.5 million tonnes of sustainable aviation fuel (SAF) over ten years, with the aim of reducing CO2 emissions and accelerating its decarbonization strategy.
Private sector urges UN to triple renewable energies by 2030
Energy companies are calling on governments to meet their COP28 commitments to triple the world's renewable energy capacity by 2030.
Private sector urges UN to triple renewable energies by 2030
Energy companies are calling on governments to meet their COP28 commitments to triple the world's renewable energy capacity by 2030.
Aramco relies on AI and supercomputing to optimize its operations
Aramco announces a series of partnerships and the deployment of a supercomputer dedicated to artificial intelligence, marking a milestone in the optimization of its industrial processes.
Patron d'ARAMCO lors du Global AI summit
Aramco relies on AI and supercomputing to optimize its operations
Aramco announces a series of partnerships and the deployment of a supercomputer dedicated to artificial intelligence, marking a milestone in the optimization of its industrial processes.
Patron d'ARAMCO lors du Global AI summit
A mix with more renewables and -30% gas in France by 2035
Projections by gas industry players in France anticipate a 30% reduction in gas consumption by 2035, with a marked increase in renewable gas to meet European climate targets.
Site de production de biométhane en France
A mix with more renewables and -30% gas in France by 2035
Projections by gas industry players in France anticipate a 30% reduction in gas consumption by 2035, with a marked increase in renewable gas to meet European climate targets.
Site de production de biométhane en France

Companies quietly abandoning their climate targets

Under pressure from markets and politics, companies are readjusting their climate strategies, raising questions about the sincerity of their decarbonization commitments.
BlackRock invests in the strategic pipeline between Saudi Arabia and Bahrain
BlackRock acquires a minority stake in Saudi Bahrain Pipeline Company (SBPC) to support the management of Bahrain's energy assets and explore new collaborations in infrastructure.
Pipeline
BlackRock invests in the strategic pipeline between Saudi Arabia and Bahrain
BlackRock acquires a minority stake in Saudi Bahrain Pipeline Company (SBPC) to support the management of Bahrain's energy assets and explore new collaborations in infrastructure.
Pipeline
United States: Cyber attacks on energy infrastructure on the rise
Cyberattacks on US energy infrastructure rose sharply in 2024. New studies reveal an upsurge in ransomware and data breaches, highlighting the growing vulnerability of these critical systems.
Power grid control center in Pennsylvania
United States: Cyber attacks on energy infrastructure on the rise
Cyberattacks on US energy infrastructure rose sharply in 2024. New studies reveal an upsurge in ransomware and data breaches, highlighting the growing vulnerability of these critical systems.
Power grid control center in Pennsylvania
Enel prepares to withdraw from Vietnam, impact on renewable projects
Enel could pull out of Vietnam, following the trend of other Western companies reviewing their renewable energy strategies in the face of regulatory challenges.
Enel prepares to withdraw from Vietnam, impact on renewable projects
Enel could pull out of Vietnam, following the trend of other Western companies reviewing their renewable energy strategies in the face of regulatory challenges.

Qair and Vibracoustic sign 12-year PPA in Poland

Qair and Vibracoustic sign a 12-year contract to supply renewable electricity to Poland, with a planned output of 180 GWh per year, reducing energy costs and CO2 emissions by 146,000 tonnes annually.
Qair acquires Green Switch Capital and strengthens its presence in the UK
Qair acquires majority stake in Green Switch Capital, adding 15 GW of renewable energy projects to its UK portfolio, with a focus on solar, wind and storage.
éolienne Qair
Qair acquires Green Switch Capital and strengthens its presence in the UK
Qair acquires majority stake in Green Switch Capital, adding 15 GW of renewable energy projects to its UK portfolio, with a focus on solar, wind and storage.
éolienne Qair
Rare earths: US players step up efforts to secure financing
Mining and recycling companies in the US are rushing to finalize loans from the Department of Energy, fearing that a Donald Trump comeback will change policies to support critical minerals projects.
Rare earths: US players step up efforts to secure financing
Mining and recycling companies in the US are rushing to finalize loans from the Department of Energy, fearing that a Donald Trump comeback will change policies to support critical minerals projects.
Marathon Oil and ConocoPhillips obtain shareholder approval for merger
Marathon Oil shareholders approve merger with ConocoPhillips. The transaction, expected to be completed by the end of 2024, must still pass key regulatory hurdles.
Marathon Oil and ConocoPhillips obtain shareholder approval for merger
Marathon Oil shareholders approve merger with ConocoPhillips. The transaction, expected to be completed by the end of 2024, must still pass key regulatory hurdles.

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS