Roadmap on Azerbaijan’s first offshore wind energy to be presented

June 3, 2022 | Renewables | Energy Facts Staff Writer | 2min

At the Baku Energy Forum 2022, the Ministry of Energy of the Republic of Azerbaijan, the World Bank Group and the International Finance Corporation (IFC) volition motorboat the first-ever Azerbaijan Offshore Wind Roadmap to supply strategical imaginativeness and recommendations for the state to tap into its 157GW of offshore upwind imaginable – implicit 20 times the country’s existent installed vigor capacity, IFC told Trend.

This Roadmap is 1 of a bid of offshore upwind roadmap studies commissioned by the WBG nether the associated Energy Sector Management Assistance Program-International Finance Corporation (ESMAP-IFC) Offshore Wind Development Program. Funding for this survey was provided by the Energy Sector Management Assistance Program (ESMAP) and PROBLUE. The roadmap has been prepared with the consultation of stakeholders from a wide scope of nationalist and private representatives from crossed the section the planetary offshore wind industry.

The associated WB/ESMAP-IFC Offshore Wind Development Program’s aims to accelerate the uptake of offshore upwind successful emerging markets. It supports the inclusion of offshore upwind into the vigor sector policies and strategies of World Bank Group lawsuit countries. The Program was started successful 2019 and is already actively supporting 10 governments to research their offshore upwind development potential.