Azerbaijani Minister: 4 GW of "green energy capacity" will be exported in next 5 years

Parviz Shahbazov, Minister of Energy

© APA | Parviz Shahbazov, Minister of Energy

# 03 June 2025 09:45 (UTC +04:00)

By the end of 2030, the integration of wind and solar power plants with a total capacity of 2,700 MW into the national energy system will result in annual savings of 1.5 billion cubic meters of natural gas,  said Minister of Energy Parviz Shahbazov while delivering speech at the 30th Anniversary “Baku Energy Forum” held in Baku, APA-Economics reports.

He emphasized the importance of increasing the transmission capacity of the region’s transport infrastructure, including the Southern Gas Corridor, and ensuring the necessary guarantees for transporting these volumes.

It was noted that referring to the share of hydrocarbons in the global energy balance has changed by only about 5% over the past 30 years, it was highlighted that alternative energy sources do not replace existing ones but rather complement them. Given the continuing critical role of oil and gas, financing in this sector should not be postponed, and the diversification of energy sources, resources, trade routes, and supply chains must remain a constant priority. Now is the best time to implement real and pragmatic policies that ensure clarity and predictability for investors.

According to Parviz Shahbazov, saying that Azerbaijan has opened an entirely new strategic chapter in developing the Caspian into an energy hub through "green energy," he noted that the first phase of renewable energy development will be completed within the next two years with the commissioning of 10 solar and wind power plants. As part of this, a 240 MW wind power plant will be launched this year, and construction of three solar power plants with a total capacity of 200 MW will begin:

“With these ‘green energy’ capacities, which have an investment value of $2.7 billion, the share of installed renewable energy capacity will reach 33.7% by 2027. Our plans are to increase this figure to 38% by 2030 and to 42.5% by 2035. Of the more than 6 GW of ‘green energy’ capacity to be developed onshore and offshore over the next five years, 4 GW will be intended for export. Additionally, at least 1 GW of the 6 GW renewable energy potential in the ‘green energy zone’ of Nakhchivan will be exported. In line with the strategic vision of the President of Azerbaijan aimed at securing the country's leading role in the supply and cross-border transmission of ‘green energy,’ large-scale ‘green energy corridors’ covering the Caspian basin, Central Asia, Türkiye, and Europe are currently being implemented. These corridors will transmit not only ‘green energy’ and hydrogen to Europe in the future but also data via fiber-optic cables.”

The speech also included information about “green energy” interconnectors "Caspian-Black Sea-Europe", "Central Asia-Azerbaijan", directly through Nakhchivan, as well as through the Zangezur corridor to Türkiye, and from there to Europe via Georgia. It was added that these strategic projects, covering the Caspian Sea, Central Asia, and the Middle Corridor, will contribute to the creation of a dynamic ecosystem that strengthens the region’s role in the modern energy security architecture and opens the path for long-term international cooperation.

During the discussions at the forum, It was noted that the development of the liberated territories as a “green energy zone” was addressed,  currently, 40% of the currently produced energy will be used for domestic demand, 60% will be transferred to the energy system, and that at least twice as much electricity will be produced as domestic demand due to the capacities to be created by 2030.

 

 

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