TotalEnergies keen on participating in new solar and wind energy projects in Azerbaijan

Parviz Shahbazov, Azerbaijan’s Minister of Energy, met with Martina Opizzi, Senior Vice President of TotalEnergies.

The sides hailed the full-scale development of the “Absheron” gas-condensate field.

They also discussed opportunities for sourcing the electricity used within the framework of the project from renewable energy sources, thereby reducing carbon emissions.

Martina Opizzi noted that TotalEnergies is interested in expanding its operations in Azerbaijan, including involving in new solar and wind energy projects.

She also emphasized that the research on electricity grid development is close to completion and that its results would identify the possibilities for integrating additional renewable energy capacities into the grid.

The guests were briefed on Azerbaijan’s initiatives towards the development of green energy corridors.

Parviz Shahbazov stated that the strategic partnership agreement signed between Azerbaijan, Georgia, Türkiye, and Bulgaria serves to integrate existing electricity interconnections within a unified corridor framework, and that the next stages envisage the establishment of a joint venture and the preparation of a feasibility study.

Discussions also addressed the findings of the feasibility study for the “Caspian–Black Sea–Europe Green Energy Corridor” project, the competitiveness of Azerbaijani electricity in European markets, and the possibilities for attracting potential investors to the project.