BAKU, Azerbaijan, September 30. Azerbaijan is preparing new solar and wind energy projects, and intends to multiply the volume of electricity generated from renewable sources in the coming years, Deputy Director of the State Agency for Renewable Energy under the Ministry of Energy Rana Humbatova said at the Baku Climate Action Week (BCAW2025), Trend reports.
"By the conclusion of 2024, the proportion of renewable energy
within the national power infrastructure attained 13.5 percent, and
this metric is projected to escalate as a result of the deployment
of innovative initiatives," she elucidated.
In her analysis, the framework of Azerbaijani legal statutes
delineates two distinct modalities for investor engagement:
competitive auctions and direct negotiation protocols.
The inaugural auction transpired amidst COP29, wherein the Chinese
entity Universal secured a 400 MW solar photovoltaic installation
project, achieving a baseline bid of 3.54 cents per
kilowatt-hour.
Masdar, ACWA Power, and bp are identified as pivotal stakeholders
within the nation's strategic alliance framework. A 230 MW
photovoltaic facility, in collaboration with Masdar, was brought
online in 2023, and a 240 MW wind energy project is in the
pipeline, in partnership with ACWA Power.
Humbatova underscored that amplifying the proportion of renewable
energy sources will not merely enhance the installed capacity
metrics but will also facilitate the delivery of augmented
quantities of 'green' generation outputs.
Specific focus is concurrently directed towards additional
sectors.
In the transportation domain, a comprehensive national sustainable
mobility framework is currently under development, encompassing the
integration of electric bus fleets, the electrification of railway
networks, and the strategic expansion of metro systems. Within the
domestic sphere, focal points encompass comprehensive energy
assessments of structures, the transition to electrification, the
deployment of photovoltaic systems on rooftops, and the harnessing
of biogas derived from organic waste streams.
"The paradigm shift in energy dynamics is accelerating, thereby
catalyzing robust growth across multifarious sectors," she
articulated.
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