Home Industry Energy Saudi Arabia’s ACWA Power to build wind park in Azerbaijan Azerbaijan plans to increase the share of clean energy in electricity generation to 30 per cent over the next decade by Bloomberg December 31, 2020 Azerbaijan signed agreements with Saudi Arabia’s ACWA Power for the construction of a 240-megawatt wind park. Azerbaijan’s Energy minister Parviz Shahbazov and his Saudi counterpart, Crown Prince Abdulaziz bin Salman, attended the signing ceremony via video conference, the Energy Ministry in Baku said in an emailed statement. Shahbazov said Azerbaijan plans to increase the share of clean energy in electricity generation to 30 per cent over the next decade. The wind park will help Azerbaijan to save 220 million cubic metres of natural gas a year and reduce carbon emissions by 400,000 tonnes a year. No details were given on the financing of the project. Azerbaijan, which exports natural gas to neighboring Georgia and Turkey, plans to start shipments of the fuel to Europe on Thursday via the US-backed Southern Gas Corridor. Tags ACWA Power Azerbaijan energy Saudi Arabia Wind Wind Power 0 Comments You might also like Saudi Arabia’s Mawani signs four contracts worth SAR1bn Oil jumps over 2% amid further Red Sea vessel attacks GCC region M&A blazes trail as global deals decline Top marks for GCC nations in digital connectivity index