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Day: January 9, 2026
ACWA Power did not arrive in Azerbaijan with its desalination plans alone. The company has already established a strong presence in the country through its 240 MW Khizi-Absheron Wind Power Plant, which was inaugurated recently and marks the largest renewable energy project of its kind in Azerbaijan and the wider Caucasus region. That project, co-financed by international lenders including the OPEC Fund for International Development and the European Bank for Reconstruction and Development, illustrates how foreign direct investment can complement national energy diversification goals.
The post Saudi energy giant expands investment with major water and wind projects first appeared on The South Caucasus News – SouthCaucasusNews.com.
