ACWA and Masdar sign 500MW Azerbaijan tie-up

ACWA Power and Abu Dhabi developer Masdar have agreed to partner on 500MW of renewables project in Azerbaijan’s Nakhchivan region.

The pair have signed a memorandum of understanding for the projects with the State Oil Company of Azerbaijan Republic (SOCAR). This builds on the companies’ wind development plans in Azerbaijan: ACWA is developing three wind farms totalling 2.7GW, while Masdar is working on wind and solar projects of its own.

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