OMM Newsroom
Azerbaijan is seeking international investment to develop offshore wind projects in the Caspian Sea with a combined capacity of more than 4 GW. The plans aim to increase renewable energy production and establish electricity export routes to Türkiye and Europe.
Energy Minister Parviz Shahbazov announced the plans at a COP31 event in Türkiye focused on boosting investment in wind energy. AnewZ reports that Shahbazov said Azerbaijan aims to raise renewables’ share of total installed electricity generation capacity to 43% by 2035.
Caspian wind energy potential estimated at 157 GW
Shahbazov said the technical potential for offshore wind energy in the Azerbaijani sector of the Caspian Sea is 157 GW, and called on international financial institutions, investors and companies to support the country’s renewable energy projects.
The 157 GW figure represents the estimated technical wind energy potential in Azerbaijan’s sector of the Caspian Sea, not capacity that has already been installed or approved for construction. Shahbazov said offshore wind projects envisaged in the nearer term have a combined capacity of more than 4 GW.
Compared with the broader potential, these projects offer investment opportunities in the near term. International financing and partnerships will play an important role in advancing them.
Green energy corridors planned to Türkiye and Europe
Azerbaijan is also advancing plans to establish green energy corridors to deliver renewable electricity to international markets. Shahbazov presented proposed routes linking Azerbaijan with Türkiye and Europe as an investment opportunity alongside offshore wind projects.
The corridors could connect future electricity generation with demand in foreign markets and strengthen Azerbaijan’s role in cross-border renewable energy trade. However, offshore wind farms and international transmission networks will require separate financing, technical planning and implementation agreements.
Shahbazov spoke at a TÜREB–Global Wind Energy Council ministerial and investor plenary session focused on accelerating investment in wind energy, held with the support of Türkiye’s Ministry of Energy and Natural Resources. He called on international financial institutions and companies to invest in Azerbaijan’s offshore wind resources and planned green energy corridors.
The initiative is part of Azerbaijan’s plans to turn its Caspian wind energy potential into power generation capacity and build the infrastructure needed to export renewable energy.
