Baroness Nicholson: UK ready to help maximize Azerbaijan’s solar, wind and hydro generation potential

Baroness Nicholson: UK ready to help maximize Azerbaijan’s solar, wind and hydro generation potential

BAKU, Azerbaijan, Feb. 20

By Leman Zeynalova – Trend:

The energy market will transform over the next decade, generating new opportunities for investment in Azerbaijan, UK Prime Minister’s Trade Envoy, Baroness Emma Nicholson told Trend.

“I see great things in the future of Azerbaijan-UK energy co-operation, including the potential completion of the Southern Gas Corridor main pipeline, delivering Azerbaijani gas to Italy. This is an extraordinary milestone for the engineering project, which I have been involved with for some years,” she said.

The partnership agreement between Azerbaijan and the UK, alongside our world-class operators SOCAR and BP, will ensure that Azerbaijan benefits from the latest oil and gas extraction technologies.

Baroness Nicholson pointed out that as the world pivots towards lower-carbon technologies, with the COP26 conference approaching in November, nations will make new commitments to reduce their emissions.

“Azerbaijan has made excellent strides forward in this area by commissioning wind and solar energy projects, and the UK is ready to invest in the sector to help maximise Azerbaijan’s solar, wind and hydro generation potential,” she added.

Baroness Nicholson went on to add that BP has just announced its commitment to be a “net zero” company in terms of its carbon emissions.

“That is a great step forward and a sign that the COP26 process is building momentum. I hope that SOCAR and all operators in Azerbaijan will make a similar commitment,” she said.

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Follow the author on Twitter: @Lyaman_Zeyn

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