“Aligned with its development priorities as a “green growth country” and a supplier of green electricity and green gases by 2030, Azerbaijan is undertaking ambitious mega projects to enhance its renewable energy potential on both national and international levels,” said Parviz Shahbazov, Azerbaijan’s Energy Minister as he addressed the Ministerial Dialogue: Scaling up Investment for Tripling Renewables and Doubling Energy Efficiency on the margins of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change.
“In a few hours, together with bp, we will lay the foundation for a 240 MW solar power plant in the Green Energy Zone in East Zangezur. This plant will play a significant role in contributing to the decarbonization of Sangachal, one of the world’s largest oil and gas terminals.
Overall, the solar and wind power plants with a capacity of 2,250 MW to be commissioned by 2030 will increase the share of renewable energy in installed capacity to 35.5%. This not only updates our 30% target but also signifies a more than sevenfold increase in the share of solar and wind energy within our energy system,” Parviz Shahbazov underlined.
“During this period, one of our key strategic goals is to create an additional 5 GW of energy capacity and ensure the supply of this energy to Europe through the “Caspian-Black Sea-Europe” and “Azerbaijan-Turkey-Europe” corridors, as well as to establish the “Azerbaijan-Central Asia” green energy corridor for the flow of renewable energy from Kazakhstan and Uzbekistan. If these regional green energy corridors are interconnected and directed toward Europe, Azerbaijan will significantly contribute to the transition to green energy for itself and countries across a broad geography from Asia to Europe, as well as to the fulfillment of global commitments by 2030.
To effectively implement these initiatives and achieve a genuine transformation in the energy transition, strong collaboration and support from every country, organization, and sector are crucial. Let us fully commit to our responsibilities, mobilize our financial and technological resources, and take resolute action for the sake of our future. Now is the time to take collective action and transform the global energy goals of COP29 into reality,” the minister added.
