Azerbaijan presented wind power and green energy corridor investment opportunities at COP31, local media report, citing Energy Minister Parviz Shahbazov.
He said offshore wind projects exceeding 4 GW are planned in Azerbaijan's Caspian sector. Its potential is estimated at 157 GW, a resource assessment rather than installed capacity.
The minister outlined a target for renewables to reach 43% of installed electricity capacity by 2035. He highlighted long-term power purchase agreements and access to export markets as factors in attracting investment.
