Azerbaijan’s $2.6 billion energy expansion sets up an 8 GW green power goal
Azerbaijan is pursuing a new stage of energy development. The country aims to balance its role as an oil and natural gas supplier with a renewable energy program. Plans include completing 11 power plants by the end of 2027. These plants will have a combined capacity of approximately 2 GW. The project is supported by an estimated $2.6 billion in investment. This initiative seeks to expand electricity production and improve resource efficiency.
Azerbaijan is advancing towards a new stage in its energy development, combining its established position as an oil and natural gas supplier with an ambitious renewable energy programme. The country plans to complete 11 power plants with approximately 2 gigawatts (GW) of combined capacity by the end of 2027, supported by an estimated $2.6 billion in investment. This programme represents a significant opportunity to expand electricity production, improve resource efficiency and establish additional sources of long-term economic growth.