Baku, Azerbaijan, Oct. 28
By Maksim Tsurkov - Trend:
The construction project of a wind farm in the Caspian Sea has been submitted to the Azerbaijani government, deputy head of the State Agency for Alternative and Renewable Energy Sources of Azerbaijan Jamil Malikov told Trend.
He said that the project is now under consideration by several ministries.
"Positive feedback from the ministries of environment and natural resources, finance, economy and industry, energy has been already received regarding the project," Malikov said. "This enables us not to stop and continue the work on this project."
Earlier, the head of the State Agency Akim Badalov said that the wind farm will be built on the platforms in the Caspian Sea between the islands of Pirallahi and Chilov and will become the first such project in the world. The capacity of the power plant will be 200 megawatts.
The project is estimated at 450-500 million manats. Its payback period is about 10 years. The funds will be attracted through export credits. "Investors from Germany, China and the Arab countries have already expressed interest in the project," said Badalov.
At present, Azerbaijan's energy system capacity is about 7,200 megawatts.
The total potential of alternative and renewable energy sources in Azerbaijan exceeds 12,000 megawatts.
Most of the country's potential in this area accounts for solar energy, and this potential is estimated at 5,000 megawatts.
Some 4,500 megawatts account for wind power, 1,500 megawatts for biomass, 800 megawatts for geothermal energy, while the remaining 350 megawatts account for the potential of small hydro power plants.
Edited by CN
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