Acwa owns windfarms in Morocco and Jordan
Acwa breaks ground on Azerbaijani windfarm
The project is the first and largest foreign investment in Azerbaijan’s renewables sector
Saudi power project developer Acwa Power has broken ground on the 240MW Khizi-Absheron windfarm in Azerbaijan, valued at SAR1.1bn ($300mn). The firm has also signed a memorandum of understanding (MoU) with the country’s energy ministry to develop an offshore wind project. Azerbaijan aims to generate 30pc of its energy through renewables by 2030. As of 2019, over 98pc of the country’s energy was supplied by natural gas or oil, according to the IEA. Lower-carbon sources of energy—including biofuels, hydropower, wind and solar—currently represent only 1.6pc of supply. The Khizi-Absheron project is the first and largest foreign investment made in Azerbaijan’s renewable energy sector to date. Acw
Also in this section
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
2 June 2025
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
27 May 2025
Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
