Masdar Signs Project Agreements with Azerbaijan to Exceed 10 GW Capacity

Masdar has pledged to strengthen its support for Azerbaijan's renewable energy development with the opening of an office in Baku, the capital city.  

The inauguration event for the office, located in Port Baku Tower, was attended by His Excellency Mohammed Murad Al Blooshi, UAE Ambassador to the Republic of Azerbaijan, and Javid Abdullayev, Director of Azerbaijan Renewable Energy Agency under the Ministry of Energy, along with a delegation from Masdar, led by its Chief Executive Officer, Mohamed Jameel Al Ramahi.

Masdar will work closely with the government and other stakeholders in Azerbaijan to accelerate the growth of its renewable energy sector, as the country continues to take bold steps to meet clean energy targets and transition to a low-carbon future.

HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, said, "The United Arab Emirates and Azerbaijan both recognize the importance of investing in renewable energy to advance economic diversification, stability, and growth. Masdar's increasing scope of work in Azerbaijan, evidenced by its new Baku office, demonstrates the UAE's commitment to supporting decarbonization and sustainable development around the world."

HE Mohammed Murad Al Blooshi, UAE Ambassador to the Republic of Azerbaijan, said, "The opening of Masdar's office in Azerbaijan is a testament to the shared ambition of the UAE and Azerbaijan toward renewables and sustainability. Our two nations are committed to working together to create a sustainable future, and the new office will play a critical role in supporting this important work."

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, "The opening of our new office in Baku is a testament to Azerbaijan's increasing focus on renewable energy and Masdar's growing global portfolio, which we have pledged will reach 100 GW by 2030. We look forward to working with our partners in Azerbaijan to continue to deliver world-class projects in support of the country and its renewable energy goals."

Javid Abdullayev, Director of Azerbaijan Renewable Energy Agency, said, "Developing our ample renewable energy potential is a strategic priority for Azerbaijan, and we believe that working with partners like Masdar will help us achieve our goals and create a brighter, more sustainable future for our people. The agreements we have signed with Masdar will play a critical role in our green growth journey and we look forward to further collaborations."