BAKU, Azerbaijan, April 12. French Qair Group has expressed its strong interest in renewable energy projects in Azerbaijan and also in liberated territories, Charles Lhermitte, Chief Operating Officer at Qair Group told Trend.
Lhermitte noted that the company is interested in development of renewable energy projects in the overall in the country, especially wind onshore and PV projects.
“Two years ago we already participated in the first tender for the project in the country. We are quite interested to develop other projects especially due to the fact that the country has a very strong potential for renewables development. It is one of the best sites in the world,” he pointed out.
He added that as the prices for oil and gas increase all over the world, it would be a good solution for the country to produce more electricity from renewables and at the same time sell oil and gas at the very good price to the other countries.
“And especially near Baku [Azerbaijani capital city]. Seeing as it is a very windy city, it would be a very good place to produce large volumes of electricity at a very cheap price here,” he said.
Lhermitte added that currently is company is planning to participate in the Azerbaijani Energy Ministry’s auctions for renewable energy projects.
“We tried to develop the first PV and wind project in the south and north parts of Baku and we want to participate in the next auction of the ministry. This topic was discussed during the meeting with the Energy Ministry in Baku, We discussed both, how we can participate in the next auction, and at the same time, we expressed our interest in the projects in the liberated territories,” Lhermitte added.
He pointed out that as of now the company is in the process of negotiations for any possible projects in the country.
Qair is an Independent Power Producer (IPP), operating 785 MW of power generation assets exclusively from renewable sources. The group is in the construction and financing phase for 700 MW and is also developing 22 GW of assets for future deployment in the heart of the 18 territories in which it operates.
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