Baku, September 22, 2025
Azerbaijan is stepping up its renewable energy ambitions with new projects in geothermal, offshore wind, and hydro storage, while deepening partnerships with major international players.
Speaking at the first Azerbaijan International Investment Forum (AIIF 2025), SOCAR Vice President Afgan Isayev said the country has “barely scratched the surface” of its green energy potential. He pointed to an estimated 157 gigawatts of offshore wind capacity and underscored untapped opportunities in geothermal energy.
“We have started discussions with partners, and much more will be done in the field of geothermal power generation and heating,” he said. He also highlighted the role of hydro-pumped storage, particularly in newly liberated territories, as a major opportunity for future investment.
Isayev stressed that SOCAR is actively seeking partners for joint ventures in geothermal, offshore wind, and hydro storage. He also drew attention to the “Green Midstream” project, designed to carry renewable power from Central Asia through Azerbaijan to Turkey and Europe. “This project will open massive opportunities for decades ahead,” he noted, adding that SOCAR’s oil and gas expertise provides a strong foundation for adapting to renewables.
Meanwhile, Masdar, the UAE-based clean energy company, announced it will invest more than $1.2 billion in Azerbaijan’s renewable sector. Maryam Al Mazrouei, Masdar’s head of development and investment for the CIS region, recalled the company’s cooperation with Baku since 2018, including the 230 MW Garadagh solar plant – the country’s first large-scale renewable facility.
She said Masdar’s new investment package, agreed with SOCAR in 2024, includes two solar plants in Bilasuvar and Neftchala and a 240 MW onshore wind farm. “Together, these projects will bring our total investments in Azerbaijan to around $1.2 billion,” Al Mazrouei told the forum. She added that Masdar is exploring additional initiatives, including participation in the planned green energy corridor for exporting electricity to Europe.
The announcements highlight Azerbaijan’s bid to transform itself into a regional hub for renewable power, positioning Baku as a bridge for “green electrons” between Central Asia and European markets.
