Azerbaijan is jockeying its offshore wind sector forward, with state oil company Socar setting the seal on a deal with contractor Technip Energies to experiment with using a floating wind turbine to decarbonise offshore oil & gas operations in the Caspian Sea.
The move by Socar follows its signing of a memorandum of understanding with the International Finance Corporation (IFC) and Azerbaijan’s ministry of energy in April that has the mission of facilitating the historic oil basin’s energy transition to clean energy production off its coast.
