Kazakhstan, Uzbekistan, and Azerbaijan plan to establish a
joint venture as part of the Green Energy Corridor project. This initiative
aims to export renewable energy from Central Asia to Europe. The leaders of the
three countries signed the agreement at the COP 29 climate summit in Baku last
November. The joint venture is expected to manage all renewable energy sources
of the three nations, with a high-voltage cable running along the Caspian Sea
bed. The Ministry of Energy noted that the countries will have equal shares in
the project. The location of the enterprise is currently under discussion.
«The main advantage is the integration of the energy system
with Central Asia and Azerbaijan. A key focus is expanding our country’s export
potential, particularly by transmitting green electricity along the Caspian Sea
bed. A forecast balance has been approved, projecting that by 2029, green
energy will account for approximately five gigawatts of total generation.
Several projects are already underway; many renewable energy projects were
launched last year, with more planned for this year,» said Berden Ospan, Head
of the Department at the Kazakh Ministry of Energy.
By 2035, Kazakhstan plans to add 26 gigawatts of new
capacity, with one-third coming from renewable energy sources. Currently,
renewable energy accounts for about 6.5% of the country’s total generation.
Green energy is produced by 153 stations, with the largest contributions coming
from wind, solar, and small hydropower plants.
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