BAKU, Azerbaijan, June 21. Approval of new projects in Renewable Energy Sources (RES) sector is expected in Azerbaijan, Director of the State Agency for Renewable Energy Sources under Azerbaijani Energy Ministry Tabriz Ammayev said at German-Azerbaijani Sustainable Development Forum on the topic ‘Renewable Energy in Azerbaijan’, on June 21, Trend reports.
"Azerbaijan has already adopted a law ‘On the use of renewable energy sources in the production of electricity’. Renewable energy strategy for 2022 through 2026 is being developed. We hope it will be approved soon," Ammayev said.
According to Ammayev, Azerbaijan’s hydrogen production potential is currently being assessed jointly with European Bank for Reconstruction and Development (EBRD).
"Creation of ‘green’ zone in Karabakh [Azerbaijan’s liberated lands from Armenian occupation] will also contribute to significant development and increase the experience of Azerbaijan in the production of renewable energy," Ammayev said.
Ammayev also told forum participants about a number of agreements with companies such as ACWA Power (Saudi Arabia), Masdar (UAE’s Abu Dhabi Future Energy Company), and current energy projects.
"Azerbaijan being oil and gas exporting country pays significant attention to sustainable development. Country striving to achieve the target of 30 percent for usage of RES by 2030 with the potential for further growth," Ammayev added.
