Azerbaijan will reach its goals of increasing renewable energy potential sooner - Minister

Azerbaijan will reach its goals of increasing renewable energy potential sooner - Minister
# 05 December 2023 16:32 (UTC +04:00)

Azerbaijan's Minister of Energy Parviz Shahbazov has participated in the roundtable of the Ministers of Renewable Energy and Energy Efficiency organized by the United Arab Emirates which chairs COP28 and the European Union, the Ministry of Energy told APA-Economics.

The Minister of Energy expressed Azerbaijan's support for the joint initiative "Global Renewables and Energy Efficiency Pledge" on tripling the potential of renewable energy in the world and doubling energy efficiency by 2030.

The Minister assessed Azerbaijan's joining the initiatives put forward within the framework of COP28 as an indicator of commitment to the "green energy" transition and the implementation of the "green energy" provisions of the renewed strategic energy partnership with the European Union. It was noted that Azerbaijan's wind energy potential of 157 GW of the Caspian Sea and 10 GW of "green energy" projects to be implemented in the next ten years, "green energy corridor", as well as the transformation of Garabagh, East Zangazur, and Nakhchivan into "green energy" zones and energy efficiency reform will make significant contributions to this global initiative:

"By 2027, the integration of 2 GW of "green power" into our energy system will increase the share of renewable energy to 33%. As a result, we will be able to meet our target of 30% by 2030 earlier and with excess. Azerbaijan's renewable energy will also diversify the energy supply of its European partners. I believe that the Caspian region is becoming one of the main centers of Europe's energy transition," the Minister added.

Note that 35 countries, 13 companies, and organizations were represented at the event.

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