Baku:Azerbaijan is prepared to collaborate with international partners to expand its wind energy exports, stated Energy Minister Parviz Shahbazov during a key session at the Ministerial and Investor Plenary titled 'Accelerating Wind Energy Investments From COP31 Commitments to Partnerships'.

According to Trend News Agency, the session was organized by the Turkish Wind Energy Association (TÜREB) and the Global Wind Energy Council (GWEC), supported by Trkiye's Ministry of Energy and Natural Resources, as part of COP31.

The minister underscored the significance of wind energy in satisfying the increasing global electricity demand with reliable power while also reducing emissions. He emphasized the need for long-term power purchase agreements and a trustworthy investment climate to draw investors to the wind energy sector. Currently, wind energy constitutes 14.3% of Azerbaijan's total installed renewable energy capacity.

Shahbazov highlighted that both onshore and offshore wind power plants are set to significantly boost Azerbaijan's renewable energy capacity to 43% by 2035. He noted that the Azerbaijani sector of the Caspian Sea has a wind energy potential of 157 GW, with identified offshore wind project sites and planned projects exceeding 4 GW in capacity.

Wind energy is expected to be a primary energy source for green energy corridors such as the Caspian-Black Sea-Europe, the Azerbaijan-Trkiye-Europe route via Nakhchivan, and the Azerbaijan-Georgia-Trkiye-Bulgaria route. Additionally, the Trans-Caspian corridor will enable wind energy transport from Kazakhstan and Uzbekistan to wider markets through Azerbaijan. Minister Shahbazov invited international financial institutions, investors, and companies to partner with Azerbaijan in this initiative.

During the event, Minister Shahbazov was honored with a certificate of appreciation for a tree sapling planted in his name as part of Trkiye's "Green Homeland Mobilization" project.