Azerbaijan intends to develop wind energy

Azerbaijan, Baku, March 15 / Trend E. Ismayilov /

The site for building a new wind energy regeneration plant in Azerbaijan was chosen on the basis of wind atlas, prepared by the German development bank KfW, deputy head of the State Agency for Alternative and Renewable Energy under the Industry and Energy Ministry Jamil Melikov told Trend today.

He said that the new power plant is planned to be built in Absheron district of Azerbaijan, 40 kilometer from Baku to Gobustan settlement.

KfW has prepared an atlas to begin constructing the power plant and get guarantees of the project effectiveness, which was then submitted to the State Agency. The atlas has shown good potential for wind energy development. Absheron district was chosen as the site for the new station construction.

The atlas covered Azerbaijan's onshore and offshore parts.
According to the initial reports, the new power plant's capacity will hit 80 -100 MW. But it will be possible to say about the exact capacity and other details of the project after the feasibility study is prepared.

"The tender procedure is being conducted," he said. "A contractor will be chosen soon to prepare the feasibility study."

Earlier, German development bank KfW has expressed readiness to allocate 130 million euro to develop renewable energy in Azerbaijan. Initially, the bank planned to allocate 40 million euro for this purpose. The loan will be given to the State Agency directly, although it was previously reported about the possibility of financing the project through local banks.

KfW Baku office told Trend earlier that the project aims at increasing the share of renewable energy sources in total electricity production in the country and to ensure continued and effective use of resources.

At present, the share of alternative energy sources in total consumption volume in Azerbaijan is slightly more than 2.3 percent. By 2020 this figure will increase to 9.7 percent.

The Azerbaijani President signed an order in late December last year to prepare the state strategy on the use of alternative and renewable energy sources in the Republic of Azerbaijan for 2012-2020 within six months.

Finnish Nokia interested in introduction of 5G technologies Uzbekistan
Finnish Nokia interested in introduction of 5G technologies Uzbekistan
Uzbekistan receives third batch of Chinese-Uzbek COVID-19 vaccine
Uzbekistan receives third batch of Chinese-Uzbek COVID-19 vaccine
Turkmenistan may participate in new transport corridor
Turkmenistan may participate in new transport corridor
Loading Bars
Latest
Revenues of Kazakhstan's Nostrum Oil & Gas down
Georgia sees increase in unemployment rate
Finnish Nokia interested in introduction of 5G technologies Uzbekistan
Turkey notes decline in export of grain, legumes to Turkmenistan
Lending to Azerbaijan's energy, chemistry & natural resources sector up
Value of Turkish chemicals export to Germany rises in 4M2021
Uzbekistan receives third batch of Chinese-Uzbek COVID-19 vaccine
Overview of Turkmen tourism sector's development
Iran’s GTC begins wheat purchasing in Razavi Khorasan Province
Lending to trade & services sector grows in Azerbaijan year-on-year
Iranian parliament issues statement on nuclear discussions
Azerbaijan competing with global leaders in export of high-tech products - AZINNEX
President Ilham Aliyev receives Belarus defense minister
Armenia's vandalism against Azerbaijan’s cultural heritage - flagrant violation of int’l law
Kazakh uranium extracting company opens tender to buy pipes
WB talks stabilization of consumer price index in Azerbaijan
Iran's capital market to increase support of refinery industry - Securities and Exchange Organization
Azerbaijan Railways announces increase in freight traffic
SME Development Centers holding free trainings for entrepreneurs in Azerbaijan
Vladimir Putin: Both parties to Israeli-Palestinian conflict need to end violence
Azerbaijan shares data on 4M2021 oil exports to Israel
Iranian contractors awaiting to build railway in Iraq's Basra
Ministry discloses volume of cargo transshipped through Turkish Gemlik port
Iran reveals COVID-19 data for May 18
Turkmenistan may participate in new transport corridor
Austrian companies eye cooperating with Uzbekistan in energy sector
Total annual energy investment to surge by 2030
Iranian energy minister talks electricity generation, water shortages
Volume of cement imported by Austria from Turkey disclosed
Ministry discloses volume of clothes exported from Turkey to Turkmenistan
Georgian Prime Minister to visit Spain
Azerbaijan's liberated Zangilan district to become transport hub of region - CAERC
Turkmenistan invites Russia's Tatarstan to take part in country's infrastructure projects
Uzbekistan, Kyrgyzstan eye increasing potential of transport corridor to China
Iran’s PMO unveils volume of cargo loaded, unloaded in Jask port
Iran boosts aluminum ingots production
Electricity facilities put into operation in Iran
Kazakhstan's export to EAEU states grows over six years
Demand of Azerbaijani banks for foreign currency surges - Central Bank
Decisions on troop interaction clarified for Azerbaijan's military exercises (PHOTO)
Value of Iran’s exports grows
Solar panel stations launched in Iran's Kerman Province
France decreases imports of Kazakh-made foods y-o-y
Azerbaijan starts construction of infrastructure of Horadiz-Aghband railway (VIDEO)
SMEs dominate Kazakh exports to EAEU
Azerbaijan starts work to prepare tourist routes in liberated territories
Lending via credit letters in Azerbaijan shrinks
Kazakhstan boosts imports of Turkish chemicals
Design work at Uzbekneftegaz GTL plant completed
Azerbaijan names volume, amount of oil supplies to Spain from early 2021
OMV Petrom completes selling off its subsidiaries in Kazakhstan
Preparations for 2021 F1 Azerbaijan Grand Prix nearing completion in Baku
World Bank to finance development of water services sector in Uzbekistan
Turkey doubles crude oil imports from Kazakhstan
Monday.com files for Nasdaq IPO
Armenian ex-minister of transport & communication detained
Georgia reports 1,562 coronavirus cases for May 18
Georgia sees increase in number of cattle
World Bank to assist Uzbekistan in modernization national innovation system
Turkey records 4M2021 decrease in number of labor migrants to Azerbaijan
Azerbaijan working on introduction of AI in public administration system
Kazakhstan's revenue from passenger air transport increases
Azerbaijan discloses 4M2021 data on gas exports to Turkey
Turkmenistan considering possibility of expanding co-op with transport companies of Russia’s Tatarstan
UK company eyes projects on territory of free economic zones of Uzbekistan
No new oil, natural gas fields required amid net-zero emission activity– IEA
Uzbekistan to use Hungarian experience to stimulate socio-economic dev’t of several regions
Georgia, Ukraine pledge to enhance co-op on path to Euro-Atlantic integration
Kazakhstan boosts exports to Spain despite COVID-19
Net-zero emissions to require huge amounts of new infrastructure
Kazakhstan announces 4M2021 investments attracted amid economic recovery
Turkey reports increase in 4M2021 clothes exports to Kazakhstan
Prices of precious metals in Azerbaijan grow
Belarusian Defense Minister arrives in Azerbaijan on official visit
Azerbaijan issues data on oil exports to Italy for 4M2021
Kazakhstan’s Oil Construction Company opens tender to buy pipes
Banks in CIS region vulnerable to high credit risks - S&P
Iran Tobacco Company discusses cigarette market
Turkey discloses 1Q2021 volume of cargo shipment via Botas port
Turkmenistan, Kyrgyzstan interested in expanding partnership in various sectors
Georgia sees increase in wine export
Azerbaijan sees increase in oil prices
Azerbaijani currency rates for May 18
Iranian currency rates for May 18
UAVs conducting reconnaissance during Azerbaijan's military exercises (VIDEO)
World Bank to assist Uzbekistan in dev’t of strategy for promotion export products
Qatari company eyes to co-op with Uzbekistan in creation of modern greenhouses
US Lawmakers Introduces Resolution To Support India During Covid Crisis
Digital twins becoming integral part of oil & gas operations
India Inc's foreign investment jumps over two-folds to $2.51 bn in Apr'21
Indian FDI hits all-time high in FY21; forex reserves jump over $100 bn
Uzbekistan’s 1Q2021 share of small business in industrial production revealed
Central Bank of Iran injects liquidity into banks
Sputnik V's Limited Rollout Begins In Hyderabad, Visakhapatnam Tomorrow
Immediate de-escalation need of the hour: India on escalating tensions between Israel and Gaza
Second batch of Russian Covid-19 vaccine reaches Hyderabad
Uzbek-Chinese JV opens tender for material for repairing defect in main gas pipeline
Biggest-ever consignment of over 3,600 oxygen concentrators lands in Delhi from China
Will Keep Providing Assistance To India In Fight Against Covid: US
India’s Covid-19 2nd wave ‘slows’
All news