Minister: 25M kilometers of network needed for clean energy transition in next 5 years

A global network of 25 million kilometers is needed by 2030 to integrate renewable energy during the clean energy transition, Azerbaijani Energy Minister Parviz Shahbazov stated at the Energy Transition Investment Forum for Central Asia held on the sidelines of COP29, Report informs.

According to Shahbazov, the second initiative related to green energy is aimed to increase the installed capacity of energy storage systems by 6 times to reach 1.5 gigawatts by 2030: "This collective target also includes elements such as promoting investments in storage systems and application of new technologies."

The minister said that another component of the initiative is aimed at increasing investments in energy networks and transmission systems, modernizing and expanding existing infrastructure: "Within this framework, countries need to add a 25 million kilometer network globally related to green infrastructure by 2030. A commitment has been made to create an additional 65 million kilometer network by 2040. This initiative is of strategic importance in terms of eliminating the limitations of existing green infrastructure to support renewable energy, facilitating the integration of larger volumes of green energy into the grid, and ensuring a stable balance between energy supply and demand."