Abu Dhabi's Masdar group plans to develop up to 10 gigawatts of renewable energy projects in Azerbaijan, including multi-gigawatt Caspian Sea offshore wind linked to green hydrogen production, under what were hailed as historic agreements for the Central Asian nation.

Masdar, which is described as the renewable energy arm of Abu Dhabi sovereign investor Mubadala, signed “implementation agreements” with Azerbaijan’s Energy Ministry covering an initial 1 GW each of onshore wind and solar photovoltaic, plus 2 GW of “integrated offshore wind and green hydrogen projects”.