UAE and Azerbaijan ink agreements on green energy: The UAE and Azerbaijan signed multiple agreements for cooperation in sustainable development across the renewable energy and environmental sectors ahead of COP29, Wam reports. The joint declarations include a letter of intent between the UAE Ministry of Climate Change and Environment and the Ministry of Ecology and Natural Resources of Azerbaijan, an MoU on investment cooperation in power transmission projects, and agreements on green energy export and a 1 GW renewable energy project. Abu Dhabi National Oil Company (Adnoc) and the State Oil Company of Azerbaijan (Socar) also signed a strategic cooperation agreement to supply energy.

Not the first partnership between Adnoc + Socar: Adnoc and Socar signed an agreement to collaborate on developing low-carbon energy technologies last month. The agreement will see Adnoc and Socar explore advancing blue hydrogen, carbon management, and geothermal tech that can accelerate the decarbonization of energy systems in the UAE, Azerbaijan, and other markets. The UAE's Masdar — partly owned by Adnoc — also established a base of operations in Azerbaijan last year and inaugurated a 230 MW solar project in the country with plans to develop a further 1 GW of clean clean energy projects.

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