SOCAR Green: Azerbaijan will be regional renewable energy expertise hub

SOCAR Green LLC, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), intends to position Azerbaijan as the leading regional center for renewable energy expertise, Elchin Targuliyev, SOCAR Green's expert on solar and wind energy, stated at the event titled "Green Energy Week 2025: Azerbaijan and Central Asia," held in Baku, Report informs.

He explained that SOCAR Green operates across three main areas: "First, the development and management of green and low-carbon projects, including renewable energy and biofuels. This also encompasses green hydrogen, geothermal energy, and carbon capture and storage. Second, we aim to support SOCAR's decarbonization targets by working with various SOCAR assets both domestically and potentially abroad. SOCAR has committed to reducing emission intensity by 30% and absolute emissions by 20% by 2035, with a goal of net-zero emissions by 2050. Our third focus is to gather and consolidate expertise."

Targuliyev noted that Azerbaijan faces a shortage of specialists in the renewable energy sector: "Renewable energy is a relatively new field for Azerbaijan, and we often encounter a lack of sufficient expertise. This means that for any project we plan to implement, we may need to import not only technology but also a significant number of experts. Our goal is to build local expertise and transform Azerbaijan into a regional center for renewable energy and green technologies."