BAKU, Azerbaijan, November 12. Azerbaijan renewed the target for the share of renewable energy sources by 2030 to 35.5 percent, the Azerbaijani Minister of Energy said at a ministerial dialogue themed "Scaling up Investment for Tripling Renewables and Doubling Energy Efficiency" within COP29 in Baku today, Trend reports.
"A 200-megawatt solar power plant in the green energy zone in Eastern Zangezur will play a significant role in supporting the decarbonization of the oil and gas sector in Azerbaijan as a whole. Overall, solar and wind power plants with a total capacity of 2,250 megawatts, which are planned to be commissioned by 2030, will increase the share of renewable energy in installed capacity to 35.5 percent.
This not only updates our target to 30 percent but also represents more than a sevenfold increase in the share of solar and wind energy in our energy system," added Shahbazov.
According to him, this solar power plant will provide energy to one of the largest oil and gas terminals in the world — the Sangachal terminal.
To note, the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), which will run until November 22, opened on November 11 at the Baku Olympic Stadium.
The event is the largest organized by Azerbaijan to date and is the first time the region has hosted the event in Azerbaijan. Within COP29, the highest-level event - the summit of world leaders on climate action - will be held on November 12–13.
The main expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) on climate finance. The COP29 chairmanship has launched 14 initiatives that include linkages between climate action and the Sustainable Development Goals, including green energy corridors, green energy storage, harmony for climate resilience, clean hydrogen, methane reduction in organic waste, action on green digital technologies, and other topics.
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