‘Agreements between SOCAR and Masdar mark a pivotal moment in Azerbaijan’s energy evolution’

Azerbaijan’s State Oil Company (SOCAR) and the United Arab Emirates’ Masdar have recently inked agreements for renewable energy projects, as announced by Azerbaijani Economy Minister Mikayil Jabbarov. The partnership aims to leverage solar and wind energy technologies, marking a significant step towards Azerbaijan’s energy transition.

Jabbarov highlighted the importance of these agreements in promoting a greener future for the country and their positive impact on the economy, environmental conservation, and social well-being.

This collaboration between SOCAR and Masdar underscores Azerbaijan’s commitment to sustainable energy practices and aligns with global efforts to reduce carbon emissions and combat climate change. The projects are expected to contribute significantly to the country’s renewable energy goals and support its transition towards a more sustainable energy mix.