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Plan To Power Oil & Gas Ops With Floating Wind Unveiled In Azerbaijan Posted 19/07/2021 09:42 SOCAR and Technip Energies have signed a cooperation agreement which, among other things, will see the two companies working on a joint pilot project for powering upstream operations in Azerbaijan’s sector of the Caspian Sea with electricity produced by a floating wind turbine. If the project moves forward, it would represent the first offshore wind turbine installed in Azerbaijan. Under the cooperation agreement, SOCAR and Technip Energies will jointly study sustainability measures in the offshore...

Offshore wind has the potential to supply 12 per cent of Vietnam’s electricity by 2035, according to the Offshore Wind Roadmap for Vietnam launched by the World Bank Group.

April 14, 2021, by Nadja Skopljak Azerbaijan’s Ministry of Energy has signed a Memorandum of Understanding (MOU) with the International Finance Corporation (IFC) to cooperate on offshore wind development. The aim of the cooperation is to assess the potential of offshore wind in Azerbaijan and the development of a roadmap, and later, tender management related to relevant projects, the definition of partnerships with the private sector, and the implementation of auxiliary investments. The work stipulated by the MOU will be implemented within the IFC Offshore ...