Azerbaijan, together with international energy companies, plans to create about 19 GW of capacity for the production and export of “green” energy, hydrogen, and “green” ammonia in 2031-2037, stated Azerbaijani Energy Minister Parviz Shahbazov, speaking at an event in Dubai dedicated to the opportunities for investment in renewable energy in Azerbaijan.
Shahbazov noted that the country has already started a partnership in the field of “green” energy with seven international companies.
“Becoming a country of green growth and achieving a clean environment by 2030 has been identified as one of the national priorities of socio-economic development. Such a policy provides an ideal basis for a successful energy transformation in the region,” he said.
The Minister noted that in October, Azerbaijan, together with “Masdar,” commissioned the first solar power plant in the CIS and the Caspian region.
“By 2027, in addition to this 230 MW power plant, 8 solar and wind power plants with a capacity of more than 1.6 GW will be built by “Masdar,” ACWA Power, bp, China Gezhouba, Nobel Energy and Baltech companies. By 2030, at the expense of foreign investments, green energy projects with a capacity of more than 8 GW on land and at sea will be implemented for domestic consumption, decarbonization of the economy and exports,” Shahbazov added.
The Minister also noted the intensive work on the export of 4 GW of “green” energy along the “Caspian-Black Sea-European Union Green Corridor” and more than 1 GW along the Azerbaijan-Turkey-Europe route.
Caspian Barrel
