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.
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