Masdar, the biggest company in the UAE in the field of renewable energy, is conducting active research in key areas of transition to green energy in Azerbaijan - offshore wind energy, production of green hydrogen and development of battery energy storage systems, Director of Masdar Azerbaijan Murad Sadykhov said during an event on the topic "Innovative pathways to a greener future: renewable energy sources and emission reduction," Report informs.
"We continue research in the field of offshore wind energy, green hydrogen and energy storage systems. In Nakhchivan, one of our subsidiaries conducted a comprehensive study covering power grid management and battery technologies. We conducted similar studies in the mainland part of the country to assess the impact of increasing the share of renewable energy in Azerbaijan's energy balance," he noted.
According to Sadykhov, the country has already begun to receive tangible economic returns from the development of green energy.
"We are optimistic. Thanks to the joint efforts of all participants in this process, Azerbaijan is confidently moving towards a more sustainable energy future," he added.
The projects implemented by the United Arab Emirates (UAE) company Masdar in the field of renewable energy in Azerbaijan will allow to provide more than 30% of the country's electricity demand from renewable energy sources.
"Two solar power plants are currently under construction - in Bilasuvar with a capacity of 445 MW and in Neftchala with a capacity of 315 MW. The plant in Bilasuvar will be the largest generation facility in the entire Caspian region," Sadikhov noted.
It is also planned to begin the construction of a 240 MW wind power plant by the end of this year.
"These three facilities are part of a larger Mega project with a total capacity of 1 gigawatt. Through their implementation, Masdar will make a significant contribution to Azerbaijan's energy transition and provide more than 30% of its current electricity consumption from renewable sources," said Sadikhov.
According to him, the implementation of the project was made possible thanks to the close cooperation with the Azerbaijani government, international partners, as well as the support of the Abu Dhabi and UAE governments.
"Despite the challenges, we are determined to move forward with this ambitious project together," the director of Masdar Azerbaijan said.
