Energy Minister held meetings with Vestas, ACWA Power and NKT within COP31

Energy Minister Parviz Shahbazov held meetings 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, cooperation opportunities on wind energy projects in Azerbaijan and green energy corridors were discussed. The company expressed its 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 role of the corridor in bringing the region's wind energy potential to European markets, as well as the involvement of suppliers and energy offtakers in the project, was also considered.

During the meeting with Dr. Samir J. Serhan, Chief Executive Officer of ACWA Power, the parties discussed existing cooperation and opportunities for implementing new wind and solar energy projects. Site selection and grid connection issues were also addressed. It was noted that the possibilities 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 opportunities to supply 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, cooperation prospects on the Caspian-Black Sea-Europe Green Energy Corridor were reviewed. 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 possesses cable technologies certified for use at depths exceeding 2000 metres.