(MENAFN- AzerNews)
Ulviyya Shahin Read more
The Azerbaijan Renewable Energy Agency (AREA), a key player inthe nation's energy sector, is actively seeking collaboration withChinese enterprises to enhance the utilization of battery andpumped hydro storage technology. This strategic move underscoresAzerbaijan's commitment to advancing its renewable energy agendaand diversifying its energy mix.
In a recent development the AREA Director, Javid Abdullayev,engaged in discussions with representatives from prominent Chineseengineering corporations, including Powerchina Huadong and ChinaSouthern Power Grid. The primary focus of the meeting was toexplore avenues for Chinese participation in Azerbaijan'sburgeoning renewable energy projects.
Azerbaijan has set ambitious targets to significantly increasethe share of renewable energy sources in its energy portfolio,aiming for a range of 30-33 percent in the coming years. To achievethis goal, the country is embarking on various initiativesleveraging solar, wind, and hydropower technologies. However, thesuccessful integration of renewable energy into the national gridrequires effective energy storage solutions.
Recognizing the importance of energy storage in facilitating theseamless integration of renewables, Azerbaijan is keen onharnessing the expertise and resources of Chinese firms renownedfor their proficiency in battery and pumped hydro storagetechnology. By forging strategic partnerships with PowerchinaHuadong and China Southern Power Grid, Azerbaijan aims to leveragetheir technical know-how and experience to advance its energystorage capabilities.
Moreover, Azerbaijan's exploration of energy storage solutionsunderscores its commitment to innovation and sustainability in theenergy sector. By investing in storage devices and studying foreignbest practices, the country is positioning itself as a regionalleader in renewable energy adoption and grid modernization.
Despite the commendable strides, Azerbaijan's renewable energysector is still in its nascent stages, with renewables accountingfor only 8 percent of electricity production. However, withconcerted efforts and strategic partnerships with global playerslike Chinese engineering corporations, Azerbaijan is poised toaccelerate its transition towards a greener and more sustainableenergy future.
Overall, the collaboration between the Azerbaijan RenewableEnergy Agency and Chinese enterprises represents a significant steptowards unlocking the full potential of renewable energy storage inAzerbaijan. Through strategic partnerships and investments inenergy storage technologies, Azerbaijan is laying the groundworkfor a more resilient and sustainable energy infrastructure, pavingthe way for a brighter future powered by renewables.
MENAFN09052024000195011045ID1108194104
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.