Azerbaijan Enters International Carbon Market with Hydro-3 Hydropower Initiative

Jerusalem, 10 February, 2026 (TPS-IL) -- Baku (AZERTAC) – As part of the cooperation between SOCAR Trading and AzerEnergy OJSC, the Hydro-3 project, which includes the Mirik and Garaqishlag small hydroelectric power plants located in the Lachin region, has successfully entered the international carbon market.

SOCAR told AZERTAC that this is a new achievement of historical importance in the energy sector of Azerbaijan. The project was registered by Gold Standard, one of the world’s leading carbon certification organizations, on May 28, 2025, and carbon credits for the Hydro-3 project were officially presented on January 28, 2026.

These are the first international carbon credits obtained for renewable energy sources in the history of Azerbaijan.

The carbon credits cover the period from April 2024 to August 2025 and total 10,745 carbon units. This indicator confirms that the project makes a real and measurable contribution to reducing greenhouse gas emissions.

This achievement once again demonstrates the successful implementation of Azerbaijan’s green energy strategy and the international recognition of the renewable energy potential of the Karabakh region.