BAKU, Azerbaijan, August 17. Azerbaijan
exported 298.323 million kilowatt-hours of electricity in
January-July 2026, according to the State Customs Committee.
The country's revenue from electricity exports totaled $15.693
million during the reporting period, the committee said.
Compared with the same period last year, electricity exports
decreased by 439.1 million kilowatt-hours, or 2.5 times, in volume
terms and by $25.916 million, or 2.6 times, in value terms.
Electricity exports accounted for 0.26% of Azerbaijan's non-oil
sector exports during the reporting period.
Azerbaijan is implementing large-scale projects to increase
electricity generation and diversify its energy system. The
development of renewable energy sources is a particular priority of
the country's energy strategy. Major investment projects to build
solar and wind power plants are currently being implemented with
partners including BP, Masdar, ACWA Power, China Gezhouba Group
Overseas Investment and SOCAR Green.
Once completed, these projects are expected to add thousands of
megawatts of new generation capacity to Azerbaijan's energy mix in
the coming years, reducing domestic demand for natural gas and
allowing more gas to be exported.
According to Energy Minister Parviz Shahbazov, the share of
renewable energy sources in Azerbaijan's energy mix is expected to
reach about 43% by 2035 as a result of these projects.
The minister said Azerbaijan is implementing strategic projects
aimed at creating a new energy and investment platform linking
Central Asia with neighboring regions. One of the key initiatives
is the Central Asia-Azerbaijan Green Energy Corridor project.
"The creation of a Trans-Caspian energy corridor linking the
power systems of Azerbaijan, Kazakhstan and Uzbekistan is part of
the strategic vision of our countries. This project also creates
broad opportunities for the development of the Middle Corridor,
which will serve as a green energy bridge between Europe, Asia and
China via the Caspian Sea," Shahbazov said.
According to the minister, the Green Corridor Alliance joint
venture, based in Baku, is already operational and is coordinating
feasibility studies financed by the Asian Development Bank and the
European Bank for Reconstruction and Development.
At the same time, work is continuing on the Caspian-Black
Sea-Europe Green Energy Corridor, the Azerbaijan-Türkiye-Europe and
Azerbaijan-Georgia-Türkiye-Bulgaria electricity
interconnectors.
Shahbazov said "green energy corridors are shaping the
geoeconomic map of the future" and that these initiatives will
stimulate not only energy exports but also the development of
digital connectivity, fiber-optic infrastructure and regional
economic cooperation.
Javid Abdullayev, Director of the State Agency for Renewable
Energy Sources under the Ministry of Energy, told Trend in an
exclusive interview that Azerbaijan is playing an increasingly
important role in creating a green energy bridge between Europe and
Central Asia.
"Azerbaijan is no longer only an exporter of energy resources,
but also one of the initiators of regional energy connectivity and
green energy corridors. The wind and solar projects currently being
implemented will not only strengthen the country's energy security
but also significantly expand its electricity export potential,"
Abdullayev said.
He said the Caspian Sea's significant wind potential, the
construction of new power transmission lines and initiatives such
as the Caspian-Black Sea-Europe Green Energy Corridor will further
strengthen Azerbaijan's role in Europe's energy security.
"Green energy projects will not only generate additional export
revenues for the country, but also help optimize the domestic
energy mix, reduce natural gas consumption and make more gas
available for export markets," he added.