ADB may upscale dev't of floating solar system in Azerbaijan - country director (Exclusive)
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, April 6. The Asian
Development bank (ADB) may upscale the development of floating
solar system in Azerbaijan, Candice McDeigan, country director of
the Asian Development Bank (ADB) for Azerbaijan said in an
exclusive interview with Trend.
'ADB currently implements Floating Solar energy Development
project, which will pilot test high technology, enabling the
countries to leapfrog in knowledge and capacity and increase
readiness for private sector participation in large-scale,
land-based, and floating solar development. Based on the project's
outcome ADB may also upscale the development of floating solar
system in Azerbaijan,' she said.
McDeigan pointed out that ADB prioritizes essential energy
access in the poorest and most vulnerable countries through greater
use of low-carbon and renewable energy sources and rehabilitate
infrastructure to enhance energy security and climate
resilience.
Azerbaijan joined ADB in 1999. ADB operations in the country aim
to boost private sector development, raise public sector
efficiency, improve infrastructure, and strengthen human capital,
with the bank's investments closely aligned to the government of
Azerbaijan's strategic road maps for the national economy and main
economic sectors.
ADB is emphasizing support for structural reforms, institutional
strengthening, expansion of knowledge work, and financing of
innovative projects. The bank is also helping the country meet the
Sustainable Development Goals and attain its nationally determined
contribution under the Paris Agreement of the United Nations
Framework Convention on Climate Change.
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