(MENAFN- AzerNews)
Ulviyya Shahin
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Euronews has published an article highlighting the launch of a
new joint renewable project by Azerbaijan and the United Arab
Emirates amid the ongoing preparations for the upcoming COP29 in
Baku.
Azernews reprints the article.
Azerbaijan and the United Arab Emirates announced the joint
decision to build three major solar and wind projects in Azerbaijan
with a capacity of 1 GW, with a ground-breaking ceremony on the
sidelines of the Baku Energy Forum on Tuesday.
Ilham Aliyev, President of Azerbaijan told Euronews this event
“actually demonstrates our green agenda and also demonstrates that
our position is attractive not only for those who invest in fossil
fuels, but also for those who invest in renewables. Masdar is our
strategic partner in the area of renewable energy.”
The projects include a 445 MW solar plant in Bilasuvar, a 315 MW
solar plant in Neftchala, and a 240 MW wind farm in
Absheron-Garadagh. The plants are expected to produce an average
annual output of a total of 2 billion 3025 million kWh of
electricity, in turn saving 496 million cubic metres of natural gas
per year and preventing more than 943 thousand tonnes of carbon
dioxide emissions.
Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced
Technology, Chairman of Masdar and COP28 President said in his
address, "We are proud to partner with Azerbaijan on this
significant expansion of its renewable energy capacity and to
support Azerbaijan's journey toward energy diversification,
stimulating new industries, new jobs and sustainable economic
growth.”
The announcement comes as Azerbaijan prepares to host COP29 in
Baku in November taking over the mantle from the UAE. Sultan Al
Jaber added,“A key pillar of the historic UAE consensus is the
goal of tripling renewable energy capacity by 2030. We need many
more partnerships like these to ensure a just, orderly and
equitable energy transition that keeps 1.5 within reach."
His comments resonated heavily with President Aliyev who also
told Euronews,“It really demonstrates how a country which
generated wealth from fossil fuels now is channelling this wealth
into the renewable energy and as a host country of Cop 29, this is
also our obligation to be among the frontrunners on the green
transition.”
There were also calls for switching to cleaner energy solutions,
advancements in AI as well as ensuring economic growth in
developing countries to help accelerate climate positive
sustainable development, as over 300 companies from 37 countries
came together for one of the most important events on the global
energy sector calendar.
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