UAE state-owned renewable energy developer Masdar has announced two large-scale renewables development plans this week, in Saudi Arabia and Azerbaijan.
The agreements cover two solar projects and one onshore wind project as they are the first phase of a 10GW pipeline of renewables projects in Azerbaijan signed in 2022.
UAE-owned renewables company Masdar has signed a memorandum of understanding (MOU) and a joint development agreement with Zambia state-owned utility Zesco to develop 2GW of solar PV in the African country.
UAE-owned renewable energy company Masdar has penned an agreement with the Ministry of Energy of the Republic of Azerbaijan to develop up to 10GW of renewables in the country as Masdar continues to expand its international presence.
Government contract win is the latest in the Caucasus region for UAE player, who was chosen last month by neighbour Armenia to start up solar ecosystem with 400MW push.