Minister: ‘Agreements signed between SOCAR, Masdar are an important stage in Azerbaijan's energy transition’

The State Oil Company of Azerbaijan Republic (SOCAR) and the UAE’s Masdar company signed agreements on renewable energy, on June 4, Azerbaijani Economy Minister Mikayil Jabbarov wrote on X, Report informs.

“The agreements signed today between SOCAR and the United Arab Emirates' Masdar on the utilization of solar and wind energy mark a significant milestone in Azerbaijan's energy transition. These projects underscore our commitment to a greener future and contribute tangibly to our economy, environmental protection, and social welfare,” Jabbarov noted.