BAKU, Azerbaijan, November 10.
Azerbaijan is ready to work with its partners to expand wind energy
exports to international markets, Energy Minister Parviz Shahbazov
said during the Ministerial and Investor Plenary Session titled
“Accelerating Wind Energy Investments: From COP31 Commitments to
Partnerships”, according to the Azerbaijani Ministry of Energy.
The session was organized by the Turkish Wind Energy Association
(TÜREB) and the Global Wind Energy Council (GWEC), with the support
of Türkiye’s Ministry of Energy and Natural Resources, as part of
COP31.
The minister emphasized the importance of wind energy in meeting
the growing demand for electricity with reliable and affordable
power, as well as in reducing emissions. The speech highlighted the
necessity of long-term power purchase agreements and a climate of
trust for investors to attract investment to this sector. During
the speech, it was noted that wind energy currently accounts for a
14.3% share of the total installed capacity for renewable
energy.
According to the minister, onshore and offshore wind power
plants will make a significant contribution to increasing the share
of renewable energy in Azerbaijan’s total installed electricity
capacity to 43% by 2035. Noting that the Azerbaijani sector of the
Caspian Sea holds a wind energy potential of 157 GW, the minister
said that areas for offshore wind projects have been identified, a
legal framework has been established, and projects with a capacity
exceeding 4 GW are currently being planned.
The speech pointed out that wind energy will serve as a primary
source for several green energy corridors, including the
Caspian–Black Sea–Europe route, the Azerbaijan–Türkiye–Europe route
(via Nakhchivan), and the Azerbaijan–Georgia–Türkiye–Bulgaria
route. Furthermore, the Trans-Caspian corridor will facilitate the
transport of wind energy from Kazakhstan and Uzbekistan to broader
markets via Azerbaijan. Inviting international financial
institutions, investors, and companies to collaborate, Shahbazov
affirmed that Azerbaijan is ready to work with its partners in this
endeavor.
At the event, a certificate of appreciation was presented for
the planting of a tree sapling on behalf of Minister of Energy
Parviz Shahbazov, within the framework of Türkiye’s “Green Homeland
Mobilization” project.
