Kazakhstan’s Ministry of Energy announced that Uzbekistan, Kazakhstan, and Azerbaijan have agreed to form a cooperative venture to export green energy to Europe.
The agreement was achieved at a meeting of the energy and economics ministers of Azerbaijan, Uzbekistan, and Kazakhstan to study the possibility of exporting power from Central Asian nations to Europe via Azerbaijan’s borders.
“The parties decided to form a joint working group to define terms of reference for energy exchange cooperation, with a focus on renewable energy sources, as well as the production and export of green hydrogen and green ammonia, as well as the construction of appropriate infrastructure,” according to Kazakhstan’s Ministry of Energy statement.
“The parties also agreed to look into the possibility of forming a joint venture to carry out the project,” the statement showed.
The European Union nations will obtain the majority of their electrical energy from renewable sources rather than gas for the first time by the end of 2022, according to experts at the Ember Center.
According to their calculations, wind and solar power plants will provide 22% of the EU’s electricity in 2022, while gas power plants will create 20% and coal power plants will generate 16%.