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SOCAR, Masdar, and ACWA Power sign MoU for 3.5 GW offshore wind energy project in Caspian Sea


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Within the framework of COP29, the State Oil Company of the Republic of Azerbaijan (SOCAR), Masdar of the United Arab Emirates, and ACWA Power of Saudi Arabia signed a Memorandum of Understanding (MoU) to cooperate on the production of 3.5 gigawatts (GW) of wind energy in the Azerbaijani sector of the Caspian Sea, Azernews reports.