Azerbaijan's Green Energy Share In Overall Balance Must Hugely Increase - Expert (PHOTO)
Date
2/24/2024 2:09:29 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 24. The share of
green energy production in Azerbaijan's overall energy balance
should be sharply increased, expert economist Elshad Mammadov told
Trend .
He noted that such opportunities exist in the country.
"However, the fact that it occurs as a result of the decline in
traditional energy production and the abandonment of priority might
generate major concerns. This is also seen in real-world
situations. The traditional energy sector is a long-term
competitive advantage for our country. I believe we should address
its complementary role. On the one hand, conventional production
should be maintained as a priority. Alternative production should
be increased significantly. Because today's indicators are far from
the country's functioning capacity in this area," he said.
The expert emphasized that small hydroelectric power plants
should be commissioned in the territories liberated from
occupation.
"These regions have high water potential. The freed territories
are responsible for up to 25 percent of the country's water
potential. This makes it attractive to construct hydropower units
there. On the other hand, there are prospects in wind and solar
energy. If we can maximize alternative production there, it would
undoubtedly benefit the region's socioeconomic development. Green
energy development in freed territories will be targeted in a
variety of directions. Green energy can serve as the primary source
of social and humanitarian infrastructure. We should not give up
industrialization in our regions and traditional manufacturing in
order to boost the energy sector and diversify exports," he
added.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
MENAFN24022024000187011040ID1107893369
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.