Azerbaijan Speeding Up Work To Increase Share Of Renewables In Energy Balance
Date
7/25/2024 3:11:42 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 25. Azerbaijan is
speeding up work to increase the share of renewable energy sources
in the energy balance, the country's Deputy Energy Minister Kamal
Abbasov said, Trend reports.
He made the remark at the eighth session of the
Intergovernmental Commission (IGC) on trade and economic
cooperation between Azerbaijan and Serbia in Baku today.
According to the official, the goal set by Azerbaijan to achieve
a 30 percent share of renewable energy sources in the installed
capacity of the country's energy system by 2030 can be achieved
earlier than this date.
“The share of renewable energy sources at the current pace of
energy transition in the country can reach 32.6 percent by 2027 and
34.6 percent by 2030,” Abbasov noted.
The government's calculations are based on its ongoing portfolio
of renewable energy projects with international energy
companies.
This portfolio of projects already covers a total capacity of 10
GW.
“Energy from renewable energy sources is intended for domestic
consumption, decarbonization of the economy, and export,” the
deputy minister added.
Currently, renewable energy sources account for 17–18 percent of
the country's energy balance.
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