SOCAR Green LLC and Universal Energy Co., Ltd. have signed a Memorandum of Understanding (MoU) to explore opportunities to jointly develop renewable energy projects in Azerbaijan, Renewables.az reports via SOCAR Green.
Reportedly, the agreement lays the foundation for collaboration on solar, wind (both onshore and offshore), and energy storage initiatives, all aimed at strengthening the country’s renewable energy infrastructure.
“The MoU outlines joint efforts in project development, EPC and O&M. This strategic partnership marks a significant step forward in advancing sustainable energy solutions in the region,” said SOCAR Green.
