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Once commissioned, it will generate 558GWh of green electricity and help reduce 265,000 tonnes of carbon emissions annually
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All associated emissions have been offset for the transaction
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The plant is estimated to cost close to $200m and reduce the nation’s greenhouse gas emissions by 35%
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The project supports Azerbaijan’s target of producing 30% of its electricity needs from renewable energy sources by 2030
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The nations have agreed to renew efforts to tackle challenges facing the energy industry
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The new development is designed to process up to 100,000 barrels of oil per day
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