Azerbaijan will complete the first stage of green energy sector development within the next two years, according to Parviz Shahbazov, Energy Minister of Azerbaijan, as quoted by Report.
Shahbazov made the remark during the panel discussion themed "Global cooperation for a sustainable and continuous energy future" within the framework of the 30th Anniversary International Caspian Oil and Gas Exhibition and the 13th Caspian International Energy and Green Energy International Exhibition held in Baku.
“Over the next two years, we will complete the first phase of green energy development, with the commissioning of 10 solar and wind power plants. One is already operational.
A 240 MW wind power plant will be completed by the end of 2025. Groundbreaking has taken place for four additional plants with a total capacity of 1,240 MW. This year, we will begin construction of three more solar plants totaling 200 MW, and preparatory work is underway for a 100 MW floating solar power project.
With a total investment of $2.7 billion, the share of renewable energy in Azerbaijan’s installed capacity is expected to reach 33.7 percent by 2027. Our plan is to increase this figure to 38% by 2030 and to 42.5% by 2035,” the minister stated.
He also noted that in the next five years, over 6 GW of green energy capacity will be developed — both onshore and offshore — with 4 GW intended for export.
