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The most important of these connections is the Caspian Sea with its huge wind energy potential. If I'm not mistaken, according to the World Bank, this potential is 7,500 MW," said the minister.

Kazakhstan welcomes the initiative of Azerbaijan's President Ilham Aliyev regarding the Caspian Sea, which is in danger, Kazakhstan's President Kassym-Jomart Tokayev said in his national statement at the World Leaders Climate Action Summit at COP29 in Baku, according to Report.

Baibazarov noted that the parties are considering joint projects for developing green energy and transit transport channels, including across the Caspian Sea. He emphasized that an agreement regarding forest conservation has been signed.

Khalafov further stressed the need to intensify efforts in all formats of cooperation related to the Caspian Sea: "Establishment of the permanent secretariat of the multilateral Convention that monitors the environmental status of the Caspian Sea remains an urgent issue.

Touching upon Azerbaijan's green energy opportunities, President Ilham Aliyev pointed out the significant wind energy opportunities along the coasts of the Caspian Sea and stated that concrete projects are underway to export Azerbaijan’s green energy to Europe.

The Caspian Sea is shrinking, and there are issues such as melting glaciers in the Caucasus and loss of fresh water, COP29 President, Azerbaijani Minister of Ecology and Natural Resources Mukhtar Babayev said at the opening ceremony of COP29 in Baku, Report informs.

“In a transcontinental country famous for the Caspian Sea, palaces, you’ll find Shahdag, Tufandağ, and Agbulag -three ski resorts key to Azerbaijan’s winter sports potential.”

CESI is currently conducting a second study to assess the efficiency of the energy corridor from the Caspian Sea to Europe and the possibility of increasing the capacity from 4 to 6 GW.

The Assistant to the Azerbaijani President further highlighted that abundant wind reserves in the Caspian Sea far outstrip domestic demand. Azerbaijan has signed an MoU to ensure this bounty of renewable energy can reach European partners via a subsea electricity cable beneath the Black Sea.

A group of servicemen and vessels of the Azerbaijan Navy, that took part in the AZIREX-2024 joint tactical exercise held in the Iranian sector of the Caspian Sea, have returned to the Motherland, Report informs referring to the Defense Ministry.