Azerbaijan, Vietnam's ROX Group sign green energy cooperation deal

Azerbaijan and Vietnam's ROX Group have signed a cooperation document on green energy projects.

According to Report, citing the Ministry of Energy, a Memorandum of Understanding was signed between Azerbaijan's Ministry of Energy and Vietnam's ROX Group JSC on assessing opportunities to implement solar and wind energy projects in Azerbaijan.

The document was signed during the International Investment Forum by Deputy Energy Minister Elnur Soltanov on behalf of the ministry and Pham Minh Tuan, Chairman of the Executive Board for energy companies, on behalf of ROX Group.

The memorandum envisages studying the feasibility of developing a 600 MW onshore wind project in Azerbaijan and a 200 MW solar power project in the Nakhchivan Autonomous Republic for electricity exports.

Under the memorandum, the sides will cooperate on preparing feasibility studies, assessing existing grid capacity and examining opportunities to integrate part of the electricity generated by the projects into Azerbaijan's power grid.