Azerbaijan Faces Ambitious Goals In Transitioning To Green Energy - Deputy Minister
Date
5/27/2024 5:18:18 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 27. Azerbaijan isembarking on ambitious initiatives in the energy transition, DeputyEnergy Minister of Azerbaijan Samir Valiyev said during the“Education in the Green Growth Agenda” conference in Baku, Trend reports.
"Azerbaijan faces significant goals and challenges in the energytransition sector. Historically reliant on oil and gas exports dueto abundant resources, the country actively participates ininternational efforts to combat climate change and reduceemissions. As part of this commitment, Azerbaijan has set voluntarytargets and designated 'green days' to facilitate a shift towardssustainable development," he highlighted.
The deputy minister mentioned ongoing considerations forimplementing projects involving 1,870 MW of renewable energysources integrated into the power grid by 2027.
"Simultaneously, Azerbaijan holds considerable potential foroffshore wind energy, with plans to export generated power toEuropean nations. ACWA Power is set to launch a $300 million windfarm project, 'Khizi-Absheron,' with a capacity of 240 MW, Masdar, Abu Dhabi Future Energy Company, has alreadycommissioned a 230 MW solar energy system, operational sinceOctober 2023, and intends to initiate three additional renewableenergy projects with a combined capacity of 1,000 MW (or 1 GW) inthe near future," he added.
To note, Masdar, established in 2006, is one of the world'slargest renewable energy companies, having executed projects inover 40 countries with a total capacity exceeding 20 GW.
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