{"id":91593,"date":"2024-11-17T00:00:00","date_gmt":"2024-11-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/17\/acwa-developing-offshore-wind-projects-in-azerbaijan-battery-storage-in-uzbekistan\/"},"modified":"2024-11-17T00:00:00","modified_gmt":"2024-11-17T00:00:00","slug":"acwa-developing-offshore-wind-projects-in-azerbaijan-battery-storage-in-uzbekistan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/17\/acwa-developing-offshore-wind-projects-in-azerbaijan-battery-storage-in-uzbekistan\/","title":{"rendered":"Acwa developing offshore wind projects in Azerbaijan + battery storage in Uzbekistan"},"content":{"rendered":"

Homegrown renewables firm <\/strong>Acwa Power, the UAE\u2019s Masdar, and Azerbaijan\u2019s Socar <\/strong>Green will <\/strong>develop 3.5 GW of offshore wind projects in Azerbaijan\u2019s Caspian Sea<\/strong>, under an MoU signed on the sidelines of COP29 in Azerbaijan, according to a statement<\/a> from Masdar. This would mark Azerbaijan's first venture into offshore wind farms, playing into the country\u2019s growing renewable energy portfolio. The project\u2019s investment ticket was not disclosed. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Acwa Power will also build 2 GW battery storage systems worth USD 1.1 bn in <\/strong>Uzbekistan<\/strong> under a separate agreement signed on the sidelines of COP 29, according to a statement<\/a> from the Uzbek Ministry of Energy.<\/p>\n

ALSO FROM COP 29-<\/strong> Electricity link-up with Azerbaijan, Kazakhstan, Uzbekistan in the <\/strong>works:<\/strong> The Energy Ministry signed an executive program with its counterparts in Azerbaijan, Kazakhstan, and Uzbekistan to mull potential regional power grid interconnection projects, with plans to integrate renewable energy sources into the grids of the countries involved, according to a press release<\/a> from the Saudi Energy Ministry. In addition, the Saudi Electricity Company signed a similar agreement with network operators in the three countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Acwa to build 2 GW battery storage systems in Uzbekistan<\/p>\n","protected":false},"author":1,"featured_media":91594,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2573],"tags":[448,10,31,451],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-acwa-power","tag-enterpriseam-ksa","tag-investment-watch","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"ddf0c2c1-1de2-4db0-897a-b37eecc32fc1","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1513.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power partners with Masdar, Socar Green to build offshore wind projects in Azerbaijan","related_issue":[91584],"teaser":"PLUS: Acwa to build 2 GW battery storage systems in Uzbekistan","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.6bf0fa00-c6dc-448b-a764-57c71c570ebc.mp3"},"yoast_head":"\nAcwa developing offshore wind projects in Azerbaijan + battery storage in Uzbekistan - 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