(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 8. Latvia sees
potential for fruitful cooperation with Azerbaijan in renewable
energy sector, the Ministry of Foreign Affairs of Latvia told
'Ensuring investments in sustainable energy capacities, notably
wind- and solar-based generation, are perceived as a strategic
priority in cooperation with Azerbaijan. There is a huge potential
in the areas of research and development, knowledge transfer and
technological exchange, as well as solar installation development,'
the source said.
According to the ministry, Latvia shares the pan-European
ambition of reducing harmful emissions and reaching a
carbon-neutral macroeconomic output by 2050. The role of natural
gas in the Latvian domestic energy mix had been decreasing over the
last decade due to market, technological and regional factors. The
main source of renewable energy in Latvia is biomass, followed by
energy generated by hydroelectric plants.
Latvia welcomes the new gas deal signed between the European
Union and Azerbaijan on July 18, 2022, to deliver 20 billion cubic
meters of natural gas to the EU annually by 2027.
'The Government of Latvia has agreed to stop buying and using
Russian natural gas as of January 1, 2023. The decision is a
historic milestone towards the strengthening of Latvia's energy
security and independence. Finding alternative gas supplies to the
EU and diversification of energy sources to counteract the negative
effects of situation in Ukraine are the top priorities on the
agenda of the Government of Latvia,' the ministry added.
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