(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 20. Australian
Fortescue Future Industries (FFI) will work closely with Azerbaijan
in green energy sphere, FFI spokesperson told trend .
'Azerbaijan's plan is to meet 30 percent of its domestic needs
for electricity from renewable energy sources by 2030, and to
export green energy to Europe. FFI will work closely with the
government in the coming period to identify the most appropriate
location for potential projects from renewable energy sources and
green hydrogen production,' said the spokesperson.
The FF1 representative noted that Azerbaijan is ideally placed
geographically to export green energy to Europe through existing
pipelines and through potential cable interconnectors which are
being discussed by the European Union and Azerbaijan.
'FFI is interested in exploring both the export of green energy
to Europe and the use of green energy for the decarbonization of
Azerbaijan,' said the spokesperson.
Fortescue Future Industries signed a memorandum with
Azerbaijan's Ministry of Energy in late 2022 for the implementation
of a project for production of 12,000 megawatts of wind and solar
energy in Azerbaijan.
Meanwhile, FFI has already prepared a project plan for the
production and export of green hydrogen in Azerbaijan, which was
presented at the second meeting of the commission on renewable
energy sources under the chairmanship of Azerbaijan's energy
minister Parviz Shahbazov.
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