2024-06-25 09:19:34
Supply: Worldwide Info Company Development
Masdar intends to participate in COP29 along with the UAE delegation and hopes to assist Azerbaijan in its profitable implementation.
As Day.Az stories, Maryam Al Mazrui, head of the event and funding division within the CIS area of Masdar, mentioned this in an unique interview with Development.
“Each initiative undertaken by Masdar in Azerbaijan contributes to the nationwide purpose of tripling renewable power capability by 2030, which is consistent with the nation’s purpose of attaining 30 % renewable power capability by the identical 12 months. As a part of the UAE delegation, we “We will definitely look ahead to our participation in COP29,” she mentioned.
Talking about the potential for concluding new offers between Azerbaijan and Masdar inside the framework of the COP, Al Mazrouei famous that she could be “personally all for shifting ahead and signing extra agreements” between the events.
“Azerbaijan is a key strategic marketplace for Masdar. We started negotiations with the Ministry of Vitality in 2018-2019, and in the meanwhile we have already got one ongoing undertaking. The 230 MW Garadagh solar energy plant undertaking was launched, which was an amazing success. Because of the strategic cooperation between Masdar, the Ministry of Vitality of Azerbaijan and Azerenergy, we attempt to develop and develop this success,” the corporate consultant emphasised.
She additional talked about that Masdar plans to implement a undertaking in Azerbaijan relating to battery power storage methods.
“We’re in talks with the Ministry of Vitality on an power storage undertaking right here in Azerbaijan. We’re very eager to implement the nation’s first battery power storage system undertaking, which can undoubtedly assist in efforts to stabilize the electrical energy grid. Nonetheless, this initiative remains to be in its early levels “, – she mentioned.
In line with Al Mazrouei, Masdar is among the main builders within the inexperienced power sector and is expertise agnostic.
“We’re centered on a number of key developments in various areas, together with photo voltaic, hydro, onshore and offshore wind. We’re additionally downstream applied sciences akin to waste-to-energy and geothermal options.
Thus, batteries match properly into Masdar’s general expertise panorama. We preserve an open place in direction of areas and applied sciences with none restrictions. Wherever we see a possibility to implement a undertaking that additionally meets the targets of the nation, we attempt to provoke it and transfer it ahead,” she defined.
Furthermore, the corporate consultant emphasised Masdar’s curiosity in a feasibility examine to speed up the belief of offshore wind power potential within the Caspian Sea.
“The event of offshore wind energy within the Caspian Sea is a part of the primary part of the settlement on the event of renewable power in Azerbaijan, and feasibility research are at present underway. As soon as now we have readability, we are going to agree with the federal government on the subsequent steps to develop offshore wind energy and environmentally pleasant hydrogen,” she mentioned.
Al Mazrouei famous that varied builders and buyers are displaying important curiosity in harnessing the massive potential of offshore wind power within the Azerbaijani sector of the Caspian Sea, which is estimated at 157 GW.
“Nonetheless, offshore wind is extra complicated than photo voltaic and onshore wind. Logistics, provide chain and technical assessments are expensive. As such, the life cycle of offshore wind improvement is considerably longer, that means such a undertaking will take a while to finish “, she defined.
Maryam Al Mazroui recalled that in 2022, Masdar signed two agreements with Azerbaijan within the metropolis of Shusha, overlaying a program for the introduction of renewable power sources with a capability of 10 GW.
“We plan to implement the settlement in two levels – the primary part of 4 GW and the second of 6 GW. The primary part contains 1 GW of onshore wind power, 1 GW of photo voltaic power and a couple of GW of offshore wind power and the potential for using inexperienced hydrogen. This stage is already covers two photo voltaic photovoltaic initiatives and one onshore wind undertaking: the 445 MW Bilasuvar solar energy plant, the 315 MW Neftchala solar energy plant and the 240 MW Absheron-Garadagh wind energy plant. At this stage, now we have signed the principle undertaking agreements, together with PPA, CCA, land use settlement and funding settlement. We plan to speed up the event and completion of those amenities to satisfy the expectations of the nation’s management. We at the moment are advancing the event of the subsequent part of the undertaking onshore and exploring the technical feasibility of inexperienced hydrogen and the potential offshore. Work continues. I might say it will likely be accomplished very quickly. As for the implementation of particular initiatives, this may rely on the outcomes of the examine. So, as soon as we get a transparent outcome, we could have a transparent plan to implement it,” she added.
Maryam Al Mazrouei additional mentioned that Masdar additionally has a really intensive portfolio in Central Asia.
“Particularly in Uzbekistan, the place now we have the biggest portfolio of Masdar initiatives within the area. Azerbaijan is second with 1.2 GW of initiatives, together with a 230 MW undertaking. We’re additionally energetic in Kazakhstan, the place now we have signed agreements for 1 GW and began with 500 MW on land. As well as, we’re growing a photo voltaic power undertaking with a capability of 100 MW in Georgia,” she mentioned.
Specifically, Masdar is at present in negotiations with Uzbekistan relating to a pumped storage hydroelectric undertaking whereas a technical evaluation is underway.
“As for pumped storage, they assist stabilize the grid extra successfully than batteries, which have a decrease capability and battery life. Pumped storage permits for elevated capability and higher management over grid stability. We’re in direct negotiations with Uzbekistan and are at present conducting a technical evaluation “As quickly as now we have readability on this situation, we are going to start implementing the undertaking,” she mentioned.
In line with her, Masdar’s present portfolio of initiatives in Uzbekistan contains 2 GW of present and below development amenities.
“In Uzbekistan, now we have a big pipeline of two GW of onshore wind initiatives in improvement and a 1.5 gigawatt-hour battery storage system. Along with 2 GW of renewable power coming on-line quickly, we proceed develop our presence within the nation and develop extra initiatives.
As well as, negotiations proceed between the Ministry of Vitality of Kyrgyzstan and Masdar on the additional improvement of renewable power sources.
In Kyrgyzstan, we’re very energetic in hydropower and likewise engaged on photo voltaic power initiatives. Now we have a 1 GW program with them, beginning with the primary part of the photo voltaic photovoltaic undertaking. Discussions with the Ministry of Vitality of Kyrgyzstan are ongoing,” she mentioned.
Maryam Al Mazrouei recalled that final 12 months Masdar signed an settlement with the federal government of Kyrgyzstan along with EDF on the event of hydropower in Kyrgyzstan.
“Discussions with the federal government are ongoing. As you most likely know, hydropower improvement takes longer than photo voltaic and wind power initiatives. Nonetheless, we’re conducting the mandatory research and hope that they’ll bear fruit. The timing will rely on the progress of our discussions with the federal government Kyrgyzstan,” she concluded.
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