Baku, November 11, AZERTAC
Azerbaijan’s Energy Minister Parviz Shahbazov met with senior executives of Vestas, ACWA Power and NKT on the sidelines of COP31.
During the meeting with Morten Dyrholm, Group Senior Vice President of Global Marketing, Communications and Public Affairs at Vestas, the parties discussed cooperation opportunities in wind energy projects in Azerbaijan and the development of green energy corridors. The company expressed interest in participating in onshore wind energy projects. The results of the feasibility study for the Caspian-Black Sea-Europe Green Energy Corridor, the next stages of preparation, and investment opportunities were presented. The parties also discussed the corridor’s role in bringing the region’s wind energy potential to European markets, as well as the involvement of suppliers and energy offtakers in the project.
During the meeting with Dr. Samir J. Serhan, Chief Executive Officer of ACWA Power, the parties discussed ongoing cooperation and opportunities to implement new wind and solar energy projects. Site selection and grid connection issues were also addressed. It was noted that the potential for integrating additional renewable energy capacity into the power system would be determined based on the results of an ongoing grid study. The parties also explored the company’s potential involvement in developing export-oriented power plants in Azerbaijan and supplying electricity to Türkiye and European markets through green energy corridors.
During the meeting with Michael Suhr, Senior Vice President and Head of Global Stakeholder Relations at NKT, the parties reviewed prospects for cooperation on the Caspian-Black Sea-Europe Green Energy Corridor. Information was provided on the company’s experience in international interconnector projects and its capabilities in supplying submarine and onshore cables. The NKT representative stated that the company has cable technologies certified for use at depths exceeding 2,000 meters.