BAKU, Azerbaijan, June 11. There are opportunities for joint activities in the field of energy transition and renewables between Uniper and Azerbaijan's SOCAR, Michael Hilmer, VP at Uniper, told Trend.
"Uniper and SOCAR are both companies, that are developing a portfolio of renewable energy sources in their core markets to work on their goals to reduce carbon emissions. It is impressive to see, how many renewable energy projects are under development in Azerbaijan with a strong view of exporting green electricity to Europe," he said.
The VP noted that, as SOCAR just announced the signing of a shareholder agreement for joining a 1 GW renewables project in Azerbaijan, Uniper just entered a development partnership for a 600 MW onshore wind project in Poland.
"Uniper is committed to developing 10 GW of onshore wind and solar farms by 2030, focusing on key European markets," Michael Hilmer pointed out.
He also added that Uniper is currently testing the utilization of a former natural gas storage cavern in northern Germany for storing green hydrogen. "It is planned to develop a total working gas capacity of 250 to 600 GWh by 2030".
Meanwhile, back in December 2023, SOCAR and Uniper signed a Cooperation Program for 2024 during the 8th Coordination Committee Meeting in Berlin, Germany.
