BAKU, Azerbaijan, May 17. Austria has submitted draft document for energy cooperation with Azerbaijan, Franz Wessig, Head of Group Foreign Economic Relations at the Federal Ministry of Digital and Economic Affairs of Austria said in an exclusive interview with Trend.
“Austria is a country with huge potential of renewable energy. About 80 percent of Austrian electricity consumption comes from renewables. The goal is to reach 100 percent in 2030. We have a lot of companies in this sector, especially, when it comes to hydropower, solar and wind power. Some of those companies are here for B2B meetings, and we will also have a meeting in the ministry of energy. During the joint commission’s session, we spoke about projects in the field of renewable energy, especially, new hydropower plants. We submitted draft document on cooperation in renewable energy, concrete proposals for hydropower plants. There are really concrete projects in this draft document,” he explained.
Wessig expressed hope that next time the sides can sign the first contract on renewable energy.
“Austria has long-term experience of using hydropower plants for electricity. It think this is a very good and future-oriented possibility for a long time. Hydropower is a very environmentally friendly way of producing energy. When you build a hydropower station, you can operate it for 100 years. This would be my suggestion to invest in hydropower,” he added.
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