Climate: Azerbaijan and UAE meet to launch renewable energy project ahead of COP29

The facilities are estimated to generate an average annual production of 2 billion 3025 million kWh of electricity, conserving 496 million cubic metres of natural gas and averting about 943 thousand tonnes of CO2 emissions.
Climate: Azerbaijan and UAE meet to launch renewable energy project ahead of COP29

On Tuesday, Azerbaijan and the United Arab Emirates announced a combined decision to build three major solar and wind projects in Azerbaijan with a capacity of 1 GW during the Baku Energy Forum.

Azerbaijani President Ilham Aliyev said the event " demonstrates our green agenda and also demonstrates that our position is attractive not only for those who invest in fossil fuels, but also for those who invest in renewables. Masdar is our strategic partner for renewable energy."

The projects consist of a 445 MW solar plant in Bilasuvar, a 315 MW solar plant in Neftchala, and a 240 MW wind farm in Absheron-Garadagh. The facilities are estimated to generate an average annual production of 2 billion 3025 million kWh of electricity, conserving 496 million cubic metres of natural gas and averting about 943 thousand tonnes of CO2 emissions.

Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar, and President of COP28, stated, "We are proud to partner with Azerbaijan on this significant expansion of its renewable energy capacity and to support Azerbaijan's journey towards energy diversification, stimulating new industries, new jobs, and sustainable economic growth."

The announcement comes as Azerbaijan prepares to host COP29 in Baku in November, taking over the role from the UAE.

According to Sultan Al Jaber, "A key pillar of the historic UAE consensus is the goal of tripling renewable energy capacity by 2030." We require many more collaborations like this to guarantee a just, orderly, and equitable energy transition that maintains 1.5 within reach."

There were also calls for cleaner energy solutions, AI advancements, and ensuring economic growth in developing countries to help accelerate climate-positive sustainable development, as over 300 companies from 37 countries gathered for one of the most important events on the global energy sector calendar.

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Climate: Azerbaijan and UAE meet to launch renewable energy project ahead of COP29

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