Azerbaijan’s Ministry of Energy and Clean Energy Capital, a subsidiary of Azerbaijan Green Energy Company, have signed a deal to assess, develop, and implement an offshore wind project.
Signed on November 28, the Implementation Agreement covers an offshore wind project with an initial capacity of 200 MW and a total capacity of 600 MW, as shared by Azerbaijan Green Energy Company on social media.
Clean Energy Capital will conduct research for this offshore wind project in the Caspian Sea under the agreement.
In June, Azerbaijan’s Ministry of Energy signed an agreement with China Energy Engineering Corporation (CEEC) to explore a 200 MW offshore wind project in Azerbaijan.
The Ministry also entered agreements with Chinese firms in April for developing offshore wind projects.
A Memorandum of Understanding was signed by the Ministry of Energy, SOCAR Green, China Datang Overseas Investment, and PowerChina for a 2 GW offshore wind project in Azerbaijan’s Caspian Sea sector. A separate agreement was made with China Energy Overseas Investment for phased development of offshore wind.
In late 2024, Abu Dhabi-based Masdar, Saudi Arabia’s ACWA Power, and SOCAR teamed up to explore 3.5 GW of offshore wind projects in Azerbaijan.
In mid-2024, the Azerbaijan Renewable Energy Agency (AREA), part of the Ministry of Energy, announced the start of wind measurement campaigns at two locations to assess offshore wind resources.
The World Bank and ESMAP report Azerbaijan’s technical offshore wind potential at 157 GW, including 35 GW suitable for fixed-bottom projects and 122 GW for floating wind.
In 2022, with the World Bank and IFC, Azerbaijan released its Offshore Wind Roadmap, suggesting the potential for 7 GW of offshore wind power by 2040 with appropriate policies and investment.
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Original Story at www.offshorewind.biz