Azerbaijan Ready to Partner on Wind Energy Exports to Global Markets
Energy Minister Parviz Shahbazov said Azerbaijan is ready to work with partners on expanding exports of wind-generated energy to international markets. The statement was made on November 10 at a plenary session within COP31.
Yulduz Salimov2 min read
Azerbaijan is ready to work with partners to expand exports of energy produced by wind power plants to international markets. This was stated by Energy Minister Parviz Shahbazov at the ministerial and investment plenary session "Accelerating Investment in Wind Energy: From COP31 Commitments to Partnerships." The Ministry of Energy of Azerbaijan published the message.
The session was organised by the Turkish Wind Energy Association (TÜREB) and the Global Wind Energy Council (GWEC), with the support of the Ministry of Energy and Natural Resources of Turkey. The event took place within COP31.
The Role of Wind Energy
Shahbazov noted the importance of wind energy in meeting growing electricity demand with reliable and accessible supplies, as well as in reducing emissions. Speakers emphasised the need for long-term electricity purchase agreements and a climate of trust for investors that would help attract investment to the sector.
According to the minister, onshore and offshore wind power plants make a significant contribution to increasing the share of renewable sources in Azerbaijan's total installed electricity capacity, which is expected to reach 43% by 2035. The speaker reported that the share of wind energy in total installed renewable capacity stands at 14.3%.
Shahbazov also noted that Azerbaijan's sector of the Caspian Sea has a wind energy potential of 157 GW. According to him, zones for offshore wind projects have been defined and a legal framework has been created, while projects with a capacity of more than 4 GW are currently at the planning stage.
Export Corridors
The speakers said wind energy will become a key source for several "green" energy corridors, including the Caspian Sea – Black Sea – Europe route, the Azerbaijan – Turkey – Europe route (via Nakhchivan), and the Azerbaijan – Georgia – Turkey – Bulgaria route. According to the minister, the Trans-Caspian corridor will ensure the transport of wind energy from Kazakhstan and Uzbekistan to wider markets through Azerbaijan.
Inviting international financial institutions, investors and companies to cooperate, Shahbazov confirmed that Azerbaijan is ready to work with partners in this area.
During the event, Shahbazov received, on behalf of Energy Minister Parviz Shahbazov, a certificate of gratitude for planting a seedling within the Turkish project "Green Mobilisation for the Motherland."
Source: trend.az
