Masdar Ventures into Green Hydrogen Through Southern Gas Corridor in Azerbaijan
Key Ideas
- Masdar explores repurposing the Southern Gas Corridor to produce green hydrogen in Azerbaijan, aiming to contribute to the country's renewable energy goals.
- The company completed solar and wind projects in Azerbaijan with a capacity of one gigawatt and plans to develop two gigawatts of offshore wind energy for green hydrogen production.
- Azerbaijan, aiming to increase its gas supply to Europe, will host the Cop29 climate conference and plans to generate 30% of its total power capacity from clean energy sources by 2030.
Masdar, the Abu Dhabi-based clean energy company, is delving into the realm of green hydrogen through the Southern Gas Corridor (SGC) in Azerbaijan. The company's head of development for the Commonwealth of Independent States region, Maryam Al Mazrouei, disclosed Masdar's plans to leverage the SGC, historically used for natural gas delivery to Europe, for green hydrogen production. By repurposing the SGC, Masdar aims to bolster Azerbaijan's renewable energy objectives, with a focus on offshore wind energy. The company has already completed significant solar and wind projects in Azerbaijan, totaling a gigawatt in capacity, and is now advancing to develop an additional two gigawatts specifically for green hydrogen. This initiative aligns with Azerbaijan's strategies to increase its gas supply to Europe, hosting the upcoming Cop29 climate conference and intending to derive 30% of its power capacity from clean energy sources by 2030. Masdar's long-term goal in Azerbaijan involves developing 10 gigawatts of renewable energy projects, with an initial phase dedicated to onshore and offshore green hydrogen production, part of which will cater to domestic demand and part for export to neighboring nations. The company's involvement in Azerbaijan extends to opening an office in Baku, establishing a strong presence to support the country's renewable energy program. Masdar's ventures in Central Asia, including countries like Kazakhstan and Uzbekistan, showcase its commitment to harnessing the region's abundant wind and solar resources for renewable energy projects. With a global footprint spanning 40 countries, Masdar aims to significantly boost its renewable energy capacity to 100 gigawatts by the end of the decade, a substantial leap from its current 20 gigawatts.
Topics
Green Hydrogen
Renewable Energy
Clean Energy
Energy Security
Energy Transition
Offshore Wind
Solar Power
Renewable Energy Projects
Central Asia
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