Azerbaijan holds immense potential for offshore wind power – a large-scale, low carbon energy source that can be produced locally. The country has a technical offshore wind resource of around 157GW – over 20 times the country’s current installed energy capacity, according to the World Bank.
The World Bank and the International Finance Corporation (IFC), in close collaboration with the Ministry of Energy of the Republic of Azerbaijan, with funding from the Energy Sector Management Assistance Program and PROBLUE, are proud to publish the first ever Azerbaijan Offshore Wind Roadmap, which provides strategic vision and a plan for the development of the country’s offshore wind potential.
The Roadmap shows two scenarios for offshore wind development in Azerbaijan, a low growth and a high growth scenario. Both scenarios take and in-depth the technical, economic, environmental, social, employment, and financing aspects of establishing the country’s offshore wind market.
This Roadmap is one of a series of offshore wind roadmap studies commissioned by the World Bank Group under the joint ESMAP-IFC Offshore Wind Development Program. The joint World Bank/ESMAP-IFC Offshore Wind Development Program’s objective is to accelerate the uptake of offshore wind in emerging markets. It supports the inclusion of offshore wind into the energy sector policies and strategies of World Bank Group client countries.
Funding for this study was provided by the Energy Sector Management Assistance Program (ESMAP) of the World Bank. The roadmap has been prepared in collaboration with BVG Associates in association with Kent and Encotec, with the input of The Biodiversity Consultancy and the consultation of stakeholders from a wide range of public and private stakeholders from across the global offshore wind industry.