BAKU, Azerbaijan, October 10. Last week it became known that 'green' energy from Azerbaijan's Karabakh will be supplied to Absheron Peninsula, Trend reports.
Also, Azerbaijan is considering a new project on the construction of a floating solar power plant with a capacity of 50 MW with the Asian Development Bank (ADB).
In addition, Azerbaijan and Türkiye discussed the transportation of electricity through the Zangazur corridor.
The countries are also considering the potential for cooperation in electricity supplies from Azerbaijan's Nakhchivan to Türkiye, as well as participation of Turkish companies in the renewable energy sphere of Azerbaijan’s liberated lands.
Moreover, Azerbaijan and Türkiye intend to expand cooperation on the Southern Gas Corridor (SGC).
Last week Joint Operating company of the Absheron field (JOCAP) on behalf of Contractor Parties SOCAR Absheron and TOTAL E&P Absheron BV, has completed the offshore installation of Absheron EPS modules (early production scheme).
In the first quarter of 2023, it’s planned to begin installation of the lower part of the ACE platform and oil production on the Azeri Central East (ACE) platform in Azerbaijan is planned to start since 2024.
Last week, the WB shared its immediate recommendations for Azerbaijan’s transition to 'green' economy.
Azerbaijan needs to boost investments in energy efficiency and demand management in order to boost the transition to a greener economy.