- On January 13, 2022, the Ministry of Energy and ACWA Power, the Kingdom of Saudi Arabia signed a Memorandum of Understanding on cooperation in the field of offshore wind energy.
- The Memorandum envisages the identification of the main principles of cooperation in the field of offshore wind energy, assessing the potential and providing the conditions for profitable investment in renewable energy projects in Azerbaijan.
- A Steering Committee and Working Group will be established to guide and control the activities carried out within the Memorandum.
