Renewable Energy Status in Azerbaijan: Solar and Wind Potentials for Future Development

Feyruz Mustafayev, Przemyslaw Kulawczuk and Christian Orobello
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Feyruz Mustafayev: Faculty of Economics, University of Gdansk, Armii Krajowej 119, 81-824 Sopot, Poland
Przemyslaw Kulawczuk: Faculty of Economics, University of Gdansk, Armii Krajowej 119, 81-824 Sopot, Poland
Christian Orobello: Faculty of Economics, University of Gdansk, Armii Krajowej 119, 81-824 Sopot, Poland

Energies, 2022, vol. 15, issue 2, 1-24

Abstract: Azerbaijan has a well-developed hydrocarbon industry backed with abundant domestic resources. Oil and gas have played a crucial role in the economic revival of the country since independence was regained back in 1991. The legal foundation of the transition to carbon-zero energy generation was laid in the 1990s with a number of acts mentioning the importance of the shift. The government has an ambitious plan to improve the situation, though an action plan with targeted renewables share in production and consumption is still to be prepared. This study, based on systematic review methodology for qualitative research, analyzes the potential of renewables in Azerbaijan with a focus on solar and wind power, discusses the deficiencies hindering the development of the renewables industry, and develops recommendations on applicable actions to improve the situation in this regard. It also includes legislative acts of the Republic concerning renewable energy. The main objective of the study is to explore renewable energy potentials and assess the readiness of the country to make a shift towards green energy. The findings of the article demonstrate enough potential to increase the share of renewables. The potential, however, is obscured with a relatively less solid legal framework and a lack of expertise in the industry.

Keywords: Azerbaijan; renewable energy; solar power; wind power (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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