Azerbaijan’s Energy Ministry, SOCAR ink 3 MoU

Azerbaijan’s Energy Ministry and TotalEnergies Renewables SAS have signed a “Memorandum of Understanding on Cooperation in connection with the activities for the evaluation and implementation of projects of onshore wind farms with a capacity of 250 MW, solar power plants with a capacity of 250 MW in the Nakhchivan Autonomous Republic, as well as energy storage systems,” the Nakhchivan bureau of Report informs.

The signing ceremony took place at a special session within the Baku Energy Week in Nakhchivan.

In addition, a “Memorandum of Understanding on Cooperation in connection with the construction of a 400 MW solar power plant in the Nakhchivan Autonomous Republic and the export of electricity to Türkiye” has been signed between the ministry and Nobel Energy Management LLC.

As part of the event, SOCAR and China Energy International Group Co. Ltd signed a cooperation agreement. The agreement provides for the development of renewable energy projects in the territory of Azerbaijan, the organization of the exchange of experience between the parties, the optimal approach to the implementation of potential projects in technical and financial terms, as well as other issues.