Azerbaijan inks Framework agreement on renewable energy and "green hydrogen" projects with an Australian company

Azerbaijan inks Framework agreement on renewable energy and "green hydrogen" projects with an Australian company
# 15 December 2022 16:04 (UTC +04:00)

A Framework agreement was signed between Azerbaijan's Ministry of Energy and Australia's Fortescue Future Industries (FFI) on joint cooperation on the study and development of renewable energy projects and the potential of "green hydrogen" in Azerbaijan, APA-Economics reports.

The agreement envisages the investigation and implementation of projects with a total capacity of up to 12 GW for the production of renewable energy and "green hydrogen" in Azerbaijan.

Energy Minister Parviz Shahbazov said that the strategic basis of this agreement is "Azerbaijan 2030: National Priorities of Socio-Economic Development," defined by the President of Azerbaijan, Ilham Aliyev.

The minister also added that recently, consistent strategically important steps had been taken with international energy companies to create large-scale production capacities for renewable energy and export “green energy:

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