BAKU, Azerbaijan, March 6. Azerbaijan has
already taken decisive steps towards transitioning to green energy.
Significant progress has been made through several large solar and
onshore wind projects, as well as in advancing plans to develop
large-scale offshore wind energy, the Country Director for the
Asian Development Bank (ADB) Representative Office in Azerbaijan,
Sunniya Durrani-Jamal, said, Trend reports.
She made the remark at a seminar on the technical and economic
feasibility study (Stage 1 Feasibility Study) of the Caspian Green
Energy Corridor project.
"These initiatives demonstrate a serious commitment and create
tangible new opportunities for decarbonization, economic
diversification, and regional energy cooperation. The Asian
Development Bank (ADB) is proud to support a number of these
renewable energy projects through private sector operations,
mobilizing long-term financing and attracting additional
investment. Continued system upgrades and effective large-scale
integration of renewable energy sources will further enhance the
impact of these efforts," she said.
Sunniya Durrani-Jamal emphasized that, in this context, the
Caspian Green Energy Corridor is both strategic and timely. As
renewable energy capacity grows rapidly in the region, increased
cross-border connectivity and system flexibility are becoming
increasingly critical: "Assessing the technical and economic
feasibility of electricity trading across the Caspian, this
initiative has the potential to unlock large-scale renewable energy
resources, strengthen energy security and sustainability, and
create new avenues for clean energy exchange. It represents a
promising response to the contemporary challenges of energy
transition, demonstrating how national ambitions in renewable
energy can be transformed into coordinated regional solutions."
According to her, the ADB remains committed to supporting the
transition to green energy through an integrated and regionally
connected approach.
"In addition to financing, we bring together public and private
sector operations, provide technical expertise to structure complex
projects, and mobilize additional capital. We work across the
entire value chain, from preliminary planning and regulatory reform
to infrastructure implementation and cross-border integration. This
allows ADB not only to support individual projects, but also to
help shape coordinated sector transformation pathways that are
technically sound, financially viable, and aligned with long-term
regional goals," she explained.
Furthermore, Sunniya Durrani-Jamal noted that the ADB is ready
to continue its cooperation with Azerbaijan and the wider region to
promote practical, scalable solutions in the field of green
energy.
