Azerbaijan Leads Green Energy Initiatives For Global Partnership - Minister (PHOTO)
Date
10/4/2024 7:09:07 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 4. Azerbaijan leads
green energy initiatives for global partnership, Azerbaijani Energy
Minister Parviz Shahbazov said during his meeting with Brazilian
Minister of Mines and Energy Alexandre Silveira, Saudi Arabian
Energy Minister Prince Abdulaziz bin Salman Al Saud, and Global
Renewable Energy Alliance CEO Bruce Douglas in Brazil's Foz do
Iguaçu, Trend reports via the Ministry of Energy.
The discussions highlighted the active partnership between
Azerbaijan and Brazil through platforms like COP and G20, with both
countries playing crucial roles in the energy transition.
Shahbazov noted that the "troika" of COP, consisting of
Azerbaijan, the United Arab Emirates, and Brazil, fosters
collaboration in announcing and implementing new commitments and
initiatives, underscoring the importance of a smooth energy
transition.
Shahbazov also mentioned Azerbaijan's commitment to developing
green energy and investing in its transition. He stated that
Azerbaijan is the initiator of projects that will connect Europe
and Asia, ensuring the provision of green energy to various
nations. Discussions also included initiatives of the COP29
presidency, focusing on climate financing and the collaborative
goals of Azerbaijan and Brazil within the framework.
In talks with Prince Abdulaziz bin Salman Al Saud, the global
oil market situation and the execution of agreements under the
"OPEC+" format were discussed, along with the agenda of energy
partnership projects between the two nations.
The minister also engaged in dialogue with ACWA Power about
developing 1.5 GW offshore wind energy projects and a 200 MW
battery energy storage system (BESS), as well as cooperation within
the framework of the green energy corridor. They explored
participation in COP29 events and the activities of a joint
technical committee between the two countries' energy
ministries.
During discussions with Bruce Douglas of the Global Renewable
Energy Alliance, topics included Azerbaijan's Global Energy Storage
and Grid Commitment" initiative, advancements in offshore wind
energy, and green energy transport projects. The alliance expressed
interest in collaborating with Azerbaijan and outlined potential
support from the private sector for network-related
commitments.
The Global Renewable Energy Alliance, which specializes in
renewable energy technologies and represents the private sector in
this field, expressed interest in cooperation with Azerbaijan and
spoke about the possible support of the private sector in
fulfilling the promise related to grids. COP29 reviewed the
Alliance's participation in joint activities with the International
Renewable Energy Agency (IRENA) and COP initiatives.
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