Azerbaijan aims to boost its renewable energy capacity to 43% by 2035, according to Energy Minister Parviz Shahbazov. This ambitious plan involves constructing new wind and solar power plants over the next five years, targeting a 38% share of total installed capacity by 2030.
The announcement was made during the Shanghai Cooperation Organization (SCO) Energy Ministers’ Meeting in Ningbo, China. Shahbazov highlighted the partnership with China as vital for harnessing the Caspian Sea’s 157 GW wind energy potential and developing green energy corridors across Central Asia.
A key initiative is the Trans-Caspian Green Energy Corridor, which aims to connect Azerbaijan, Kazakhstan, and Uzbekistan. This project will integrate with existing energy corridors linking the Caspian Sea to the Black Sea and Europe, facilitating large-scale renewable energy transmission. These interconnectors are essential for delivering solar and wind energy from regions with abundant resources to those in need, promoting effective renewable energy usage.
Shahbazov also emphasized the importance of innovation in achieving Azerbaijan’s energy goals. The country plans to implement strategic initiatives that include increasing installed renewable capacity, deploying offshore wind energy, and enhancing interconnector projects. These efforts reflect the changing dynamics in the global energy landscape, driven by energy security, climate commitments, and economic viability.
This commitment to renewable energy aligns with Azerbaijan’s broader strategy to integrate and expand its energy infrastructure, ensuring a steady flow of green energy to Turkish and European markets. The collaboration with China will also support technology transfer and investment in renewable energy projects, contributing to the success of the ‘Green Silk Road’ initiative and strengthening the SCO’s energy framework.
