(MENAFN- AzerNews)
Qabil Ashirov read more Azerbaijani Energy Minister Parviz Shahbazov delivered a speech
at the 9th Berlin Energy Transition Dialogue conference, Azernews reports, citing the Energy Ministry.
In the speech, the development of renewable energy, defined by
the President of Azerbaijan as one of the priorities of the
country's socio-economic development strategy, was brought to
attention in the aspect of contributing to the energy security of
more partner countries. Recalling the signing of the Memorandum of
Understanding on strategic partnership in the energy sector between
Azerbaijan and the European Union last year, the energy minister
said that Azerbaijan has been supplying the world oil market with
crude oil and oil products for many years.
"We have been supplying natural gas to the European energy
market for more than two years. Now we are working with the
European Commission to double the volume of natural gas supplies
because our partners from Europe have asked us to increase these
volumes against the background of the war between Russia and
Ukraine and the general energy crisis," the minister added.
Parviz Shahbazov spoke about the reforms implemented in recent
years for the development of renewable energy sources, the
preparation of new legislative acts, and the creation of an
investment environment. He stated that Azerbaijan's policy on green
energy is aimed at attracting foreign companies to the development
of this field. He noted that 710 MW of wind and solar energy
projects have already been implemented with foreign investors, and
cooperation documents have been signed for production capacities of
about 25 GW. Based on this potential and the Agreement on the
development and transmission of green energy signed between
Azerbaijan, Georgia, Romania, and Hungary last December as well as
Azerbaijan's intention to supply green energy to Europe, the
minister said that Azerbaijan has 157 GW wind potential in the
Caspian Sea.
“We can give it to the European Union in the form of
electricity, green hydrogen, ammonia through high voltage lines.
The four countries are working on it together with the European
Commission and private companies," he noted.
He also touched on the integration of renewable energy into
Azerbaijan's energy system and the creation of a balance between
renewable and traditional energy sources. He said that cooperation
with the American Tetra Tech and Turkish Efra companies in this
direction is planned and the integration of up to 2,000 MW of
renewable energy into the energy system is planned.
Minister Parviz Shahbazov pointed out that green energy is the
energy of the future, but we must think about the rational
implementation of the energy transition.
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