Azerbaijan’s Renewable Energy Boom Is Transforming Its Power Sector
Chevron Profits Nearly Triple to $9.9 Billion Israel’s inconclusive election leaves Netanyahu… Felicity Bradstock is a writer and journalist based in Mexico City.
She writes for energy websites and covers several other industries, as well as writing… Azerbaijan, long known as a major oil and gas power, has ventured into renewable energy in recent years and is rapidly ramping up its capacity.
As host of COP29, Azerbaijan’s government announced an ambitious climate target and encouraged other governments to do the same.
Renewable energy contributed20 per cent of Azerbaijan’s total electricity productionin the first nine months of the year, an increase from 13.4 per cent in 2025, marking a significant achievement in capacity growth.
Azerbaijan produced 21.2 billion kilowatt-hours of electricity between January and September 2026, compared with 28.7 billion kilowatt-hours for the whole of 2025, according to official figures.
The government plans to increase the share of renewables in its total installed electricity generation capacity to 33.3 per cent by 2027.
Azerbaijan has an estimated technical renewable energy potential of 135 GW onshore and 157 GW of offshore wind capacity in the Caspian Sea, providing substantial opportunities for solar and wind development.
The government aims to develop 8 GW of renewable energy generation capacity by 2032, with 2 GW expected to be completed by 2027.
Some regions of the country are transitioning to green energy far more quickly than others, with the Nakhchivan Autonomous Republic meeting 100 per cent of its electricity demand from renewable sources between 21stApril and 2ndJuly, according to Azerbaijan’s Energy Minister Parviz Shahbazov.
The growth of the country’s renewable energy capacity, mainly driven by the expansion of solar and wind projects, enabled Azerbaijan to avoid using an estimated 840 million cubic meters of natural gas during the first nine months of the year, thereby helping reduce the country’s carbon emissions from fossil fuels.
Azerbaijan is accelerating the development of solar and wind farms to meet its ambitious clean energy targets, with plans to commission 11 solar and wind power plants totalling 2 gigawatts of capacity.
Three facilities, with a combined capacity of 570 MW, have already come online.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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