Caspian Sea energy potential under assessment

95

EOLOS Floating LiDAR Solutions has deployed its integrated FLS200 floating LiDAR buoy in the Caspian Sea for the Azerbaijan Green Energy Company (AGEC) to assess offshore wind energy sites.

The campaign is considered the first initiative aimed at evaluating offshore wind zones in the region.

It should be noted that EOLOS won the tender in January 2026 for the comprehensive implementation of the offshore measurement campaign. According to the company, OWC, part of the ABL Group, is serving as the project’s technical adviser.

The campaign, expected to last one year, aims to create an investment-grade data set necessary for selecting wind turbine and foundation types.

The contract was signed within the framework of an agreement between AGEC and the Ministry of Energy of the Republic of Azerbaijan on conducting preliminary research and preparatory work in the Caspian Sea.

In December 2025, the Ministry of Energy also signed an agreement with Clean Energy Capital, a subsidiary of AGEC, for the assessment, development, and implementation of an offshore wind project with an initial capacity of 200 MW and a total planned capacity of 600 MW.

Previously, ADB Country Director for Azerbaijan Sunniya Durrani-Jamal stated that Azerbaijan had approached the Asian Development Bank (ADB) for support in developing offshore wind energy infrastructure.

Abid Malik, Regional President for Central Asia at ACWA Power, also noted that the company plans to participate in evaluating the feasibility studies of offshore wind projects in Azerbaijan.

Azerbaijan aims to increase the share of renewable energy sources in the country’s energy mix to 38% by 2030. To achieve this goal, renewable energy projects with a total capacity of 8 GW are currently being implemented.