BAKU, Azerbaijan, July 12. The EU believes that Turkmenistan has huge potential in the field of renewable energy sources, a source at the European Commission told Trend.
"Turkmenistan has a huge potential in terms of renewable energy, which is indeed one of the key areas on which we are focusing our exchanges on energy matters," the source said.
Furthermore, it was noted that Turkmenistan's development in this area should also include reducing greenhouse gas emissions, including methane.
"In the EU, we have taken a first step through an ambitious methane regulation and enhanced collaboration with other major importers and exporting countries against the backdrop of the Global Methane Pledge. Turkmenistan demonstrated its determination to take action to reduce methane emissions by joining the Global Methane Pledge. We look forward to keeping working with Turkmenistan on this matter," the source added.
Meanwhile, cooperation between the EU and Turkmenistan in the field of renewable energy is gaining momentum in light of the common desire to reduce greenhouse gas emissions and diversify the energy portfolio.
Both sides are consulting and exchanging experience on the development and implementation of projects using solar, wind, and other forms of renewable energy, as well as negotiating the possibility of joint investments and creating conditions for the development of the renewable energy market in Turkmenistan.