Azerbaijan Spearheads Renewable Energy Expansion, Aims to Exceed 2030 Targets Early
Azerbaijan is making significant strides in renewable energy, aiming to exceed its 2030 climate targets early. The country plans to develop eight new solar and wind plants by 2027, backed by $2.8 billion in investment. These plants are expected to produce 5.3 billion kWh of electricity annually, saving 1.2 billion cubic metres of natural gas and reducing greenhouse gas emissions by up to 2.5 million tonnes.
Azerbaijan is transforming liberated territories into 'Green Energy Zones', promoting sustainable reconstruction and positioning itself as a regional clean energy hub. The Qaradag Solar Power Plant, a 230 MW project developed by Masdar, became the first major renewable facility in Azerbaijan via a public-private partnership. Additionally, a 240 MW wind power plant under construction in the Khizi-Absheron region by ACWA Power is due to become operational in 2025.
The country is leading efforts to export green electricity to Europe through the 'Green Energy Corridor' project, with the European Commission pledging €2.3 billion in funding. International donors and investors are financially supporting Azerbaijan's development of wind and solar plants. Seven solar and wind parks are currently under construction, with ten more planned, aiming for a total installed capacity of up to 10 gigawatts by 2030 with investments worth $2.8 billion. The Shafag-Jabrayil Solar Power Plant, in partnership with BP and Masdar, is expected to supply 500 million kWh annually.
Azerbaijan's ambitious renewable energy plans not only help the country achieve its 2030 targets ahead of schedule but also bolster the European Union's energy diversification efforts. With significant investment and international support, Azerbaijan is emerging as a reliable partner and a leader in renewable energy across the South Caucasus.
