Following its hosting of the COP29, Azerbaijan is seeking to step up investment in low-emissions technologies, and it aims to increase the share of renewables in installed capacity to 30% by 2030.
According to Renewables.az, this was stated in the International Energy Agency’s (IEA) “World Energy Outlook 2025” report.
The report notes that several announcements were made by Caspian and Central Asian countries during the COP29 in Baku, including commitments to increase support for renewables and to improve infrastructure links. An example is the Trans-Caspian Green Energy Corridor that was the subject of a Strategic Partnership Agreement signed by Azerbaijan, Kazakhstan and Uzbekistan to integrate their power grids and export renewable energy.
