BAKU, Azerbaijan, Dec. 29
By Fidan Babayeva - Trend:
The signing of documents on a 240 megawatt wind farm project between the Azerbaijani Ministry of Energy and Saudi Arabia’s Acwa Power company, as well as between Acwa Power company and Azerbaijan’s Azerenergy OJSC is an important step in achieving Azerbaijan's goals to reduce harmful emissions into the atmosphere until 2030, Azerbaijani Energy Minister Parviz Shahbazov said.
Shahbazov made the remark at the signing ceremony of the "Investment Agreement", "Energy Purchase and Sale Agreement" and "Agreement on Connection to the Transmission Grid" on the 240 MW wind farm project held between the Azerbaijani Ministry of Energy and Saudi Arabia’s Acwa Power company, as well as between Acwa Power company and Azerbaijan’s Azerenergy OJSC, Trend reports.
"The volume of greenhouse gases emitted into the atmosphere in Azerbaijan is planned to be reduced by 35 percent till 2030,” the minister added. “The documents signed today on the wind farm project are an important step in achieving the goal of reducing emissions."
“The demand for electricity in Azerbaijan is expected to grow up to 25.5 billion kilowatt-hours by 2025,” the minister said.
The use of renewable energy sources was determined by the president as one of the priority spheres for the development of the energy sector.
Thus, the special attention is paid to the implementation of pilot projects on the construction of a wind farm with a capacity of 240 megawatts and a solar power plant with a capacity of 200 megawatts in accordance with agreements signed with ACWA Power company and UAE’s Masdar company on January 9, 2020.
Seven working groups, consisting of representatives of the Ministry of Energy, Ministry of Economy, Ministry of Finance, Ministry of Emergency Situations, Ministry of Ecology and Natural Resources, Ministry of Justice, as well as the Committee on Urban Planning and Architecture, the State Service on Property Affairs, the State Tax Service, Central Bank of Azerbaijan, Azerenergy OJSC and Azerishig OJSC operate to fulfill the relevant order of the Azerbaijani president.
Presently, Azerbaijan is taking consistent steps to develop alternative energy. For this purpose, the negotiations are underway with foreign companies and investors, including the companies from China, the UAE, the US and the EU.
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