BVG Associates to Gauge Offshore Wind Potential in Azerbaijan
UK-based consultancy BVG Associates is working with the Government of Azerbaijan and the World Bank to assess Azerbaijan’s offshore wind potential.
As reported, Azerbaijan recently signed a memorandum of understanding (MoU) with the World Bank’s International Finance Corporation (IFC) to cooperate on the use of offshore wind energy.
BVG Associates’ work will develop a roadmap for offshore wind, which is one of the key objectives of the MoU.
Other objectives of the MoU include the promotion of renewable energy use and supporting private sector participation to improve the energy sector’s financial sustainability and efficiency.
BVGA will work with the World Bank team to establish the best locations for Azerbaijan offshore wind.
The ranking of suitable wind energy areas will identify preferred development areas, including a demonstration project.
The roadmap will combine geospatial analysis, cost modelling and economic analysis, supply chain and infrastructure assessment, consideration of social and environmental impacts, and detailed industry and stakeholder consultation.
BVGA will lead the delivery of the roadmap through 2021 with technical support from Atkins and Encotec in Azerbaijan.
A recent study carried out by Aegir Insights estimated Azerbaijan’s technical offshore wind potential in the Caspian Sea at 170 GW.