Energy - carci.news

ADB to hire consultants for $350,000 to study Azerishig grid upgrade

EditorOctober 23, 2026October 23, 2026

by EditorOctober 23, 2026October 23, 202603

The Asian Development Bank will engage an international consulting firm to prepare a feasibility study for modernizing and digitalizing Azerbaijan's electricity distribution network. The consulting...

Energy

Azerbaijan presents Green Energy Corridor plan to foreign investors

EditorOctober 22, 2026October 22, 2026

by EditorOctober 22, 2026October 22, 202604

Azerbaijan's Ministry of Energy has for the first time presented economic calculations for the Caspian-Black Sea-Europe Green Energy Corridor to foreign financial institutions and companies...

Energy

PASA Bank backs $58.6m energy storage project with $40m loan

EditorOctober 22, 2026October 22, 2026

by EditorOctober 22, 2026October 22, 202602

PASA Bank will provide a $40 million loan for a $58.6 million energy storage project in Azerbaijan, to be built by Turkish energy technology company...

Energy

Azerbaijan to launch five solar plants with 680 MW capacity by 2027

EditorOctober 20, 2026October 20, 2026

by EditorOctober 20, 2026October 20, 202603

Azerbaijan plans to bring five new solar power plants with a combined capacity of 680 megawatts online by 2027, according to Javid Abdullayev, head of...

Energy

Azerbaijan to invest $2.6 billion in green energy by 2027

EditorOctober 20, 2026October 20, 2026

by EditorOctober 20, 2026October 20, 202604

Azerbaijan's Energy Minister Parviz Shahbazov says the country will channel about $2.6 billion into renewable energy projects and power grid development by 2027, with $600...

Energy

Azerbaijan’s electricity exports fall 67.3% in nine months

EditorOctober 19, 2026October 19, 2026

by EditorOctober 19, 2026October 19, 202603

Azerbaijan's electricity exports dropped sharply in the first nine months of 2026, with the value of power sold abroad falling to $17.60 million, down 67.3%...

Energy

Azerbaijan earns $6.4 billion from natural gas exports in nine months

EditorOctober 19, 2026October 19, 2026

by EditorOctober 19, 2026October 19, 202604

Azerbaijan exported 17.994 billion cubic metres of natural gas in January-September, down 2.9% year-on-year, the State Customs Committee has reported....

Energy

Azerbaijan’s electricity, gas and steam output falls 2.2% in nine months

EditorOctober 17, 2026October 17, 2026

by EditorOctober 17, 2026October 17, 202606

Azerbaijan produced 2,627.8 million manats worth of electricity, gas and steam in January-September, down 2.2% year-on-year, the State Statistics Committee reported....

Energy

SOFAZ hydrocarbon sales revenue hits $4.6 billion this year

EditorOctober 16, 2026October 16, 2026

by EditorOctober 16, 2026October 16, 202603

Azerbaijan's State Oil Fund (SOFAZ) has collected about $4.6 billion in net revenue from sales of the state's profit share of oil and gas as...

Energy

Azerbaijan’s wind power output surges 27-fold in nine months

EditorOctober 16, 2026October 16, 2026

by EditorOctober 16, 2026October 16, 202604

Azerbaijan's wind power plants generated 841.3 million kWh of electricity in the first nine months of 2026, 27.1 times more than in the same period...