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Memorandum of Understanding on cooperation in the use of renewable energy sources between the Ministry of Energy and the Saudi Arabian Company ACWA POWER
  • On March 17, 2019, the Ministry of Energy and ACWA POWER of Saudi Arabia signed a Memorandum of Understanding on cooperation in the use of renewable energy sources.
  • The Memorandum of Understanding determines the basic principles of cooperation in the field of investments in renewable energy sources in Azerbaijan, assessment of existing potential for investments and creation of necessary conditions.
  • This document will contribute to examination and introduction of best practices in effective arrangement of activities and reduction of renewable energy generation costs and to further implementation of renewable energy projects.