Hungary and Azerbaijan Expand Green Energy Cooperation

Hungary and Azerbaijan are deepening their strategic partnership, with a significant focus on expanding cooperation in the green energy sector. This collaboration is marked by new investments in renewable projects and joint efforts to develop critical energy infrastructure, signaling a new chapter in their bilateral relations.

During a meeting on February 12, 2026, with Azerbaijan’s Energy Minister Parviz Shahbazov, Hungary’s Ambassador to Baku, Tamás Torma, reiterated his country’s keen interest in collaborating on green energy development. The discussions also highlighted Hungary’s interest in participating in the restoration of Azerbaijan’s liberated territories, where many of these new energy initiatives are planned.

Key Areas of Hungary Azerbaijan green energy Cooperation

A tangible result of this growing partnership is Hungary’s direct investment in Azerbaijan’s renewable energy landscape. On February 11, 2026, Hungary’s state-owned energy conglomerate, MVM Energetika Zrt., acquired a 10% stake from BP in the Shafag solar power project.

Located in Azerbaijan’s Jabrayil district, the 240-megawatt Shafag solar plant is a cornerstone of the country’s decarbonization strategy. Once completed in 2027, the facility is projected to generate around 500 gigawatt-hours of clean electricity annually. This power will be instrumental in reducing the carbon footprint of major industrial sites, including the Sangachal Terminal, one of the world’s largest oil and gas export hubs.

Beyond individual projects, both nations are committed to advancing the ambitious Caspian–Black Sea–Europe Green Energy Corridor. This major infrastructure project is designed to transmit renewable electricity from the resource-rich Caspian region directly to European markets, enhancing energy security and supporting the continent’s green transition.

Building on an Established Energy Partnership with Hungary Azerbaijan green energy

This expansion into green energy builds upon a solid foundation of existing cooperation in the traditional energy sector. Hungarian companies, including MOL Group and MVM, are already active participants in Azerbaijan’s oil and gas industry. Both countries have expressed satisfaction with their ongoing collaboration, particularly concerning natural gas deliveries.

Looking ahead, officials are preparing for the next ministerial meetings of the Southern Gas Corridor and Green Energy Advisory Councils, forums that will continue to shape the future of this dynamic energy alliance. This multifaceted cooperation underscores a shared vision for a secure and sustainable energy future, blending conventional resources with forward-looking renewable initiatives.