Azerbaijan, Kazakhstan, and Uzbekistan are set to sign an intergovernmental agreement focused on the strategic partnership for developing and transferring green energy during COP29, as announced by Azerbaijan’s Minister of Energy, Parviz Shahbazov.
Minister Shahbazov highlighted Azerbaijan’s crucial role in establishing a new energy corridor originating from Central Asia. This initiative builds upon the Memorandum of Cooperation signed between the three nations in November last year and May this year, which aims to create a joint communication and green energy corridor.
To advance this initiative, the project’s Terms of Reference for the feasibility study (FS) have been swiftly approved, and the Italian company CESI has been selected to develop the FS. A significant upcoming task is the establishment of a Joint Venture for the project, which will be headquartered in Baku.
The signing of the “Intergovernmental Agreement between Azerbaijan, Kazakhstan, and Uzbekistan on Strategic Partnership in the Development and Transmission of Green Energy” is a key agenda item at the Investment Forum on Energy Transition for Central Asia, set to take place during COP29. Additionally, discussions are underway regarding the practicalities of connecting the green energy corridor “Caspian-Black Sea-Europe” to Central Asia.
These initiatives—the “Caspian-Black Sea-Europe,” “Azerbaijan-Türkiye-Europe,” and “Azerbaijan-Central Asia-Europe” green energy corridors—are poised to enhance Europe’s energy security while accelerating the transition to clean energy. They are envisioned as a unified green energy platform of pan-Eurasian scale, linking production and consumption centers across regions and continents within a renewable energy system.
Minister Shahbazov emphasized Azerbaijan’s strategic mission to deliver green energy to Europe through diverse routes, leveraging reliable energy sources from the Caspian Sea and Central Asia.
“Given the global challenges related to the vital role of interconnectors in enhancing grid resilience and supporting the greater integration of renewable energy between regions, it is even more evident that our country is taking proactive steps,” he remarked.
