In November 2024, during the COP29 summit in Baku, the three countries signed a Strategic Partnership Agreement aimed at developing and transferring green energy. The agreement aims to use the region’s abundant renewable resources, reduce carbon emissions, and increase energy security.
Key companies and initiatives:
Azerenergy OJSC (Azerbaijan): Azerenergy is working to integrate renewable energy sources into Azerbaijan’s grid. The company is part of the recently established Green Corridor Alliance, a joint venture with Kazakhstan and Uzbekistan aimed at creating a green energy corridor for exports to Europe.
Kazakhstan Electricity Grid Operating Company (KEGOC): KEGOC is working with its regional partners to develop infrastructure that will facilitate the transfer of renewable energy across borders. This includes projects such as the 100 MW SES Saran solar power plant, which is making a significant contribution to Kazakhstan’s renewable energy potential.
Uzbekistan’s National Power Grid: Uzbekistan is investing in various renewable energy projects, including a $1.3 billion initiative to build waste-to-energy plants. By 2027, these plants are expected to process 4.7 million metric tons of solid waste annually, generating 2.1 billion kilowatt-hours of electricity.
Types of Renewable Energy:
The main areas of activity of these countries include:
Solar Energy: Kazakhstan has developed significant solar projects, such as the 100 MW Kapshagai Solar Power Plant, which produces approximately 140 GWh per year.
Wind energy: Uzbekistan has initiated its first green hydrogen project, starting with a 52 MW wind farm capable of producing 3,000 tons of green ammonia per year.
Hydropower: Azerbaijan is using its water resources to increase its hydropower capacity, contributing to its goal of having renewable energy sources account for 30% of electricity generation by 2030.
Natural resources and investment:
The region has significant natural resources conducive to renewable energy:
Solar potential: Kazakhstan’s vast open spaces receive ample sunlight, making them ideal for large-scale solar power plants.
Wind resources: Uzbekistan’s diverse terrain offers favorable conditions for wind energy projects.
Hydropower: Azerbaijan’s river systems create opportunities for expanding hydropower infrastructure.
Economic considerations:
Investments in renewable energy depend on projects:
Waste recycling plants in Uzbekistan. The $1.3 billion investment is expected to improve both energy production and waste management.
Kapshagai solar power plant in Kazakhstan: This 100 MW facility was built at a cost of approximately $71 million.
Social and business perspectives:
Businesses and citizens in these countries are increasingly aware of the importance of switching to renewable energy sources. This joint effort is aimed not only at meeting domestic energy needs, but also at positioning the region as a potential exporter of green energy to Europe, contributing to economic growth and environmental sustainability.
By focusing on these renewable energy initiatives, Azerbaijan, Kazakhstan, and Uzbekistan are taking significant steps toward a sustainable and energy-secure future.
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