A senior aide to Azerbaijani President Ilham Aliyev has said the South Caucasus has entered a “phase of peace”, adding that energy projects initiated by Azerbaijan contribute to global energy security while serving the interests of regional countries.

Azerbaijan is investing $2.7 billion in wind and solar energy as part of a sweeping plan to boost renewables to one-third of its electricity capacity by 2027 and become a major green power exporter to Europe.

Azerbaijan is set to complete the first phase of its green energy development by commissioning 10 new solar and wind power plants, the country's energy minister announced on Tuesday.

The 30th Baku Energy Forum, a cornerstone event in the Caspian region’s energy sector, has officially begun as part of Baku Energy Week.

Azerbaijan has emerged as a key platform for constructive dialogue on global energy issues, according to OPEC Secretary General Haitham al-Ghais in his message to participants of the upcoming 30th anniversary Baku Energy Forum.

Azerbaijan is the European Union’s very reliable partner, said Director of Energy Policy at European Commission Cristina Lobillo Borrero as she addressed the Baku Energy Forum, News.Az reports.

Slovenia is keen on expanding its cooperation with Azerbaijan in the energy sector, Slovenian Deputy Minister of Environment, Climate and Energy Tina Sersen said on Wednesday.

Azerbaijan can diversify Europe’s energy supply through green energy and hydrogen, the country’s Energy Minister, Parviz Shahbazov, said on Wednesday.

Azerbaijan, together with bp and Nobel Energy, will lay foundation stones for two more solar power plants as part of the creation of a green energy zone in the Eastern Zangezur economic region, the country’s Energy Minister, Parviz Shahbazov, said at the Baku Energy Forum on Wednesday, News.Az reports.

The 29th Baku Energy Forum, one of the most significant events in the energy sector of the Caspian region, has started as part of the Baku Energy Week in the Baku Convention Centre, News.Az reports.