BAKU, Azerbaijan, April 6. Azerbaijan needs alignment of offshore wind development with net zero goals, Trend reports with reference to the Global Wind Energy Council (GWEC).
“With an estimated 157 GW technical offshore wind potential and high corporate demand for electricity, offshore wind has great potential. Clear offshore wind vision and targets to initiate public and private investor interest is needed, including an alignment of offshore wind development with net zero goals. Greater technical know-how experience is also needed within government bodies,” reads the GWEC report.
The Global Wind Energy Council notes that consultation will begin soon for a draft roadmap to develop offshore wind energy, led by World Bank-IFC and focusing on a demonstration project followed by low/high growth scenarios.
“Saudi Arabian utility ACWA Power has signed an MoU to develop offshore wind in Azerbaijan. SOCAR and Technip Energies have signed a cooperation agreement to work on a joint floating offshore wind pilot project for powering upstream operations in Azerbaijan’s sector of the Caspian Sea. Plans are in place to generate 30% of electricity from renewables by 2030 and reach net zero emissions by 2060, with significant ambitions in developing hydrogen. Azerbaijan lacks offshore wind-related policy, including a legal and regulatory framework, enabling infrastructure and a support mechanism for procurement,” the report says.
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