BAKU, Azerbaijan, June 18. Masdar is looking to implement a battery storage project in Azerbaijan, Maryam Al Mazrouei, Head of Development and Investment (CIS) at Masdar, told Trend.
"In the field of energy storage here in Azerbaijan, we are currently in discussions with the Ministry of Energy. We are very eager to implement the country's first battery storage project, which will undoubtedly aid in grid stabilization efforts. However, it is still in its nascent stages," she said.
Al Mazrouei pointed out that Masdar is one of the leading developers of green energy and remains technology-agnostic. "Our focus lies on several core developments, including solar PV, hydropower, onshore and offshore wind. Additionally, we consider secondary technologies such as waste-to-energy and geothermal solutions"
"Therefore, battery storage aligns well with Masdar's overall technological landscape. We maintain an open stance towards regions and technologies, without any constraints. Wherever we perceive a feasible project that also aligns with the country's objectives, we are eager to initiate and propel it forward," she elaborated.
Meanwhile, on June 4, Azerbaijan held the groundbreaking ceremony of three major solar and wind projects implemented together with Masdar with a capacity of 1 GW.
Those include the 445 MW Bilasuvar Solar PV Project, the 315 MW Neftchala Solar PV Project, and the 240 MW Absheron-Garadagh Onshore Wind Project. Investment agreements for the projects were reached in October 2023, followed by the signing of Power Purchase Agreements, Transmission Connection Agreements, and Land Lease Agreements.