(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 8. Azerbaijan is
becoming a hub for the production, distribution, and transit of
green energy, energy Minister Parviz Shahbazov said at the opening
of the summer energy school at ADA University in Baku, Trend reports.
"The ADA discussion platform, among other negotiation forums,
serves as a critical venue for understanding Azerbaijan's energy
policies and its pivotal role in regional energy security, the EU's
energy architecture, and global energy dynamics. Azerbaijan, an
energy-rich nation, bolsters its Economy not only by supplying oil
and gas to neighboring Georgia (where part of the Baku Energy
School training will be held) but also to numerous countries
worldwide. Last year, nearly 75 percent of Azerbaijan's oil exports
were directed to Europe, with gas exports seeing 10 percent to
Georgia, 40 percent to Türkiye, and 50 percent to Europe.
Concurrently, Azerbaijan is enhancing economic diversity for itself
and its neighbors through green projects and decarbonization
initiatives," Shahbazov stressed.
He drove home the point that countries need to get with the
program and start cutting emissions to keep up with the changing
climate.
"The issue of reducing greenhouse gas emissions holds a crucial
place in Azerbaijan's energy agenda, facilitated by the
implementation of renewable energy projects. We initiated these
efforts in fall 2023 with the inauguration of a 230 MW solar power
plant in Garadagh. In June 2024, we furthered our commitment by
signing agreements to construct additional solar and wind power
plants totaling 1 GW capacity. We are establishing green energy
zones in Karabakh and Eastern Zangezur as part of Azerbaijan's
strategy for energy transition," the minister highlighted.
According to him, the apple of Azerbaijan's eye in their new
socio-economic development program is green growth.
To achieve this goal, Azerbaijan is planning to pave the way for
green energy export corridors, with the main objective of sending
energy from the upcoming Caspian Sea wind energy station through
Azerbaijan and Georgia to the Black Sea, and then continuing the
journey to Bulgaria, Romania, and Hungary.
"Additionally, we have plans to construct a green energy
corridor extending through West Zangezur to Türkiye. Azerbaijan is
also prepared to import green energy from Kazakhstan and
Uzbekistan. Thus, Azerbaijan is emerging as a hub for the
production, supply, and transit of green energy, a pivotal
component in advancing our climate agenda," stressed the minister
of energy.
He also emphasized that Azerbaijan is keeping up with the times
by conducting ongoing studies on energy storage, hydrogen
production, and export, showing their dedication to staying on the
cutting edge of green trends.
"This year, Azerbaijan will host the COP29 climate conference
alongside numerous other negotiation platforms. I am confident that
these events will yield significant benefits both domestically and
globally," Shahbazov concluded.
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