BAKU, Azerbaijan, June 2. Azerbaijan can play a
key role in ensuring regional energy connectivity, serving
simultaneously as an “anchor,” a “bridge,” and a model for the
energy transition, the Director of Business and Project Development
at Masdar, Abdulla Zayed, said during a panel discussion held as
part of Baku Energy Week, Trend reports.
“Azerbaijan can serve as an anchor for energy connectivity
within the region and beyond, acting as a hub for the development
of major renewable energy projects and energy exports within
interconnection schemes,” he noted.
According to him, Azerbaijan possesses significant potential for
renewable energy development thanks to its land resources and
natural conditions for solar and wind power generation, as well as
a stable regulatory framework that allows for the attraction of
foreign investors and developers.
He added that Masdar is implementing projects in Azerbaijan with
a total capacity of over 1 GW at various stages—from operation to
active development, in collaboration with local partners, including
SOCAR Green.
"Azerbaijan can also serve as a bridge thanks to its access to
the Black Sea and its ability to connect Central Asia with Europe,
as well as play a balancing role in electricity trade among
countries in the region.
“Azerbaijan has transitioned from an economy based on oil and
gas to a more sustainable low-carbon model, despite its significant
hydrocarbon reserves. This sends a strong signal that the energy
transition is both possible and achievable,” he noted.
According to him, the development of the country’s energy mix
serves as an example that could be applied in other countries in
the region.
