Reports in the media in Azerbaijan have confirmed that serious consideration is being given to building an offshore windfarm in the country’s waters in the Caspian Sea.
Oil-rich Azerbaijan has become a major regional energy player but is said to be looking to develop renewable energy, as are an ever-growing number of countries, including, most recently, South Africa and Chile.
South Africa Energy Minister Jeff Radebe recently expressed interest in offshore wind. Sources at Floating Offshore Wind 2018 conference in Aberdeen highlighted Chile as a potential new offshore wind province.
Reports from the former Soviet republic which is bordered by the Caspian and Caucasus mountains suggest that Azeralternativenergy LLC, which is part of the State Agency for Alternative and Renewable Energy Sources, is negotiating with foreign investors to finance offshore windfarms in the Caspian.
The report said a feasibility study had been completed on a 200-MW project and a ‘stimulating’ green tariff system could be applied to attract both local and foreign investment. The report claimed that investors in the Middle East, China and Canada had expressed an interest in the project.
The project would use grid infrastructure close to consumers in the Absheron peninsula close to the country’s capital Baku.