Energy Minister Parviz Shahbazov: "Renewable energy potential in Azerbaijan may quadruple by 2030"

Energy Minister Parviz Shahbazov spoke at High-Level Public-Private Dialogue "Building momentum towards a 100% Renewable energy system" within the 14th session of the IRENA Assembly”. In the remarks, the consensus reached the UAE on a just transition away from fossil fuels and the agreement to triple the renewable energy potential by 2030 were considered as an important step towards a 100% renewable energy system. It was noted that the level of ensuring accessible, safe and sustainable energy for all, as well as environmental safety at the expense of renewable sources will depend on the implementation of obligations and goals. It was stated that Azerbaijan, which will host COP29 this year, intends to support at the national level the realization of green energy and climate goals until 2030 and beyond, and to become a driving force for global solidarity in climate action. The Energy Minister said that in the first phase of our onshore and offshore green energy plans for domestic consumption, decarbonization of the economy and export, we aim to realize more than 2 GW by 2027, and in the next phase - more than 8 GW of green energy capacities by 2030. "This promises to double the renewable energy potential through Azerbaijan by 2027 and to quadruple by 2030. These projects, which increase the share of renewable energy in the installed capacity of electricity in our country by 3% more than the initial target figure and 3 years earlier to 33%, will also be the sources of increasing the potential of renewable energy in European countries.”