No alternative to renewable energy

No alternative to renewable energy

BAKU, Azerbaijan, May 25

Trend:

Azerbaijan intends to further develop alternative energy sphere gradually by increasing the share of renewables in electricity generation, Azerbaijani MP, Doctor of Economics, Professor Rufat Guliyev told Day.az, Trend reports.

In this regard, the MP highlighted Yeni Yashma wind farm inaugurated in October 2018 in Khizi district, which is the largest one in the South Caucasus.

“The capacity of the wind farm located on the territory of Yeni Yashma and Shurabad villages in Khizi district is 50 MW. Twenty wind turbines reconstructed by the German Berlin Wind company produce about 9 million kW / h of energy per month, increasing the share of alternative energy in the country's total electricity production from 0.7 percent to 1.8 percent,” said Guliyev.

The MP recalled the remarks made by Azerbaijan’s President Ilham Aliyev at the Energy Security Roundtable as part of the Munich Security Conference.

President Ilham Aliyev said in his speech that Azerbaijan is paying a lot of attention to renewable energy sphere.

“Our plan is to provide 30 percent of electricity through renewable energy by 2030. In January this year, we signed two agreements on the construction of 440MW wind and solar energy stations with leading companies specializing in renewable energy. This work will be fully implemented through foreign investment. In this connection, we have at least five more proposals,” said President Ilham Aliyev.

As for the role of renewable energy, it has no alternative, said Guliyev.

“We are at the beginning of the end of the oil and gas era and the COVID-19 pandemic has even more accelerated this process. However, President Ilham Aliyev foresaw these processes long before this. Therefore, Azerbaijan’s economic policy has for many years been focused on the development of the non-oil sector and alternative energy,” noted the MP.

He pointed out that renewable energy is a very interesting topic both in theory and in practice.

“This sphere is being developed in almost all the leading countries of the world. However, the share of alternative energy sources in the world is relatively small. If we take the energy sector as a whole, the share of renewable energy sources will be a maximum of 5-6 percent. But this figure is growing every year,” Guliyev explained.

He believes that alternative energy is a solution to both environmental problems and the general problems of civilization.

“The sun, wind, water, even temperature differences can be sources of renewable energy. There are a lot of options. However, the biggest obstacle to accelerating the use of alternative energy is its high cost, as well as difficulties with its accumulation and storage, which requires very powerful batteries. This is the only reason why alternative energy lags behind the traditional energy. However, science is keeping on developing. Progress is ongoing, and the use of alternative energy is increasing every year,” said Guliyev.

Each country chooses its own option, he said.

“For example, the Netherlands prioritizes wind energy, while the countries with at least 270 days of sunshine per year are focusing on solar energy. Some countries prefer tidal energy. More and more power plants are built on small mountain rivers. Such plants do not provide a lot of energy, but their capacity is enough to supply electricity to a small village.”

The economist noted that investments in the alternative energy industry have grown in recent years, and scientific research in this area has expanded. “More and more foreign investors are showing interest in this sphere in Azerbaijan. This industry is not so expanded in Azerbaijan as in Europe and some US states. But Azerbaijan has huge potential for development of alternative energy.”

"The total economic potential of renewable energy sources in Azerbaijan is estimated by experts at 26,900 megawatts, of which 23,000 megawatts account for solar energy, 3,000 megawatts for wind energy, 520 megawatts for hydropower, and 380 megawatts for bioenergy. At the same time, the share of renewable energy sources, including hydropower resources, in the total consumption of primary energy is still 18 percent. It is planned to bring this figure to 30 percent by 2030,” said Rufat Guliyev.

Samukh agro-energy residential complex is one of the interesting projects in Azerbaijan’s renewable energy sphere.

The complex consists of a hybrid station that produces solar, wind, geothermal and bioenergy from renewable energy sources, as well as sites for the collection, processing and sale of energy-rich agricultural products, and combines high technology and modern management systems. The complex in Samukh is one of the constituent parts of the three-stage Energy Development Model implemented in Azerbaijan.

This is the first experience when the energy demand of the country’s entire region with a population of 50,000 people will be covered only by local sources.

Subscribe to Trend in Google News! Subscribe
Azerbaijan records decline in fixed capital revenues for 9M2021
Azerbaijan records decline in fixed capital revenues for 9M2021
Uzbek-Korean JV announces tender to buy clarifier
Uzbek-Korean JV announces tender to buy clarifier
Money transfers to Azerbaijan via Golden Crown service grow for 9M2021
Money transfers to Azerbaijan via Golden Crown service grow for 9M2021
Loading Bars
Latest
Biden says those who refuse to testify in Jan 6 probe should be prosecuted
ISIS claims responsibility for mosque attack in Afghan city of Kandahar
Fully vaccinated foreign visitors can enter U.S. starting on Nov. 8
China's Shenzhou-13 crewed spaceship docks with space station module
UK records more than 40,000 COVID cases for third day in a row
Biden says Clinton will be released ‘shortly’ from California hospital
Amazon-owned Twitch says source code exposed in last week's data breach
Israel's annual inflation up 2.5 pct, highest in nearly decade
Africa's COVID-19 cases surpass 8.41 mln: Africa CDC
US shares specific data on cybercrime with Russia, awaits its actions, White House says
Saudi Arabia appoints Al-Rabiah as new Hajj minister
Chronicles of Victory: President Ilham Aliyev interviewed by Turkish A Haber TV channel on October 16, 2020 (PHOTO/VIDEO)
Chronicles of Victory: October 16, 2020
Czech PM Babis pledges smooth power handover to opposition
UK MP dies after being stabbed at constituency meeting
China’s Shenzhou-13 manned spacecraft successfully reach orbit
Four migrants dead, 21 missing off Spanish coast
FIA approves schedule for Azerbaijan Grand Prix in 2022
COVID-19 kills 197 more Iranians over past 24 hours
Georgian FM meets Slovenian counterpart
Armenia trying to prepare ground for new provocations against Azerbaijan by spreading fake information - MoD
Azerbaijani FM discusses mine threat in liberated territories with French CNEMA delegates (PHOTO)
Azerbaijan lifts flight restrictions for number of countries
Azerbaijani President signs law "On Independence Day"
EBRD to allocate loan to Turkmen beverage company
Azerbaijan records decline in fixed capital revenues for 9M2021
Turkmenistan, WB talk new areas of co-op
Uzbek-Korean JV announces tender to buy clarifier
Gasoline prices in Georgia increase
Money transfers to Azerbaijan via Golden Crown service grow for 9M2021
Iran looking to develop renewable energy - SATBA
Azerbaijani MoD discusses mine clearing in liberated territories with French delegation (PHOTO)
Iran eyeing increase in trade with Spain
Export-oriented local Georgian company to get benefits within USAID program
Saudi Arabia to ease coronavirus curbs from Oct. 17
Russia, Venezuela developing secured messenger — Rostec
Kazatomprom to look for new ways to bolster nuclear energy for peaceful purposes
Turkmenistan discloses area allotted for sowing winter barley in Dashoguz region
Agreement with Azerbaijan on additional gas supplies aimed at ensuring Turkey's gas reserves – Erdogan
First container train on its way to Azerbaijan's Karabakh (PHOTO/VIDEO)
Uzbekneftegaz receives gas flow from well at Khojikazgan field
Kazakhstan to exempt Caspian oil exports from customs duties
Kazakhstan unveils data on trade with other EAEU states
Volume of financial assets of non-financial corporations in Georgia increases
LUKOIL Uzbekistan to buy ceramic balls for catalysts via tender
Azerbaijan, as victorious country, is ready to normalize relations. We hope that Armenian leadership will not pass up on this historic opportunity - President Aliyev
U.S. administers 405.4 mln doses of COVID-19 vaccines
Кazakh national telecommunications operator opens tender to buy spares
Geostat shares data on revenues of Georgian enterprises for 2020
Azerbaijan shares data on number of vaccinated citizens
Netherlands’ FMO is open to new investments in Uzbek financial sector (Exclusive)
Azerbaijan confirms 1,850 more COVID-19 cases, 735 recoveries
Student of Baku Higher Oil School: ‘I am proud to bear the name of such a historical figure!’
French Renault begins production and commercial activities in Uzbekistan
NEQSOL Holding supports ADA University’s project to restore Gazakh Seminary (PHOTO)
Azerbaijan's agrarian agency discloses volume of issued subsidies in 9M2021
Money transfers to Georgia exceed investments
Russian peacekeepers - guarantors of peace in Karabakh - President Putin
Georgian air cargo transportation decreases
Azerbaijan ready to start talks with Armenia on delimitation of borders - President Ilham Aliyev
TAP helped in reducing European gas market volatility
Armenia has destroyed 16 of the 17 mosques in Shusha - President Aliyev
President Ilham Aliyev: Armenia refuses to provide us with full maps of mined areas
For about 30 years, Armenia, together with Iran, used former occupied territories of Azerbaijan for drug trafficking to Europe - President Aliyev
Illegal Armenian armed forces attempt new provocation against Azerbaijani units
Azerbaijan's State Employment Agency to launch project on financial support of entrepreneurs
President Ilham Aliyev hailed special role of President Vladimir Putin in cessation of hostilities in Karabakh
City of Aghdam was called “Hiroshima of the Caucasus” - Azerbaijani president
Karabakh conflict has been consigned to history - President Aliyev
Azerbaijan takes part in meeting of heads of security and intelligence agencies of CIS
Brent oil price on the ICE exchange up over $ 85/barrel
Iran seeks to transform its ports to transshipment hubs
Microfinance sector in Georgia hopes to rebound from COVID-19, shares forecast
President Ilham Aliyev attends CIS Heads of State Council's session in video conference format (PHOTO)
France's intention to take part in de-mining of Azerbaijan's lands - important, MP says
Death toll climbs to seven following fatal gun battles in Beirut
Azerbaijani ombudsman issues statement on anniversary of shelling of funeral procession in Tartar by Armenian troops
EBRD talks on financing of construction of high-voltage transmission line in Uzbekistan
Israeli companies getting increasingly interested in Russian market — Lavrov
TAP compensated decreasing share of imports from Norway and other LNG to Europe
Azerbaijan’s Parliament adopts bill ‘On Independence Day’
Agriculture goods production increases in Kazakhstan
Turkmenistan’s cotton mill shares export data for 9M2021
Kazakhstan unveils data on local car insurance
Turkmen enterprise reveals volume of oil products shipped to consumers
Uzbekistan approves funding for dozen of scientific projects
Azerbaijan’s Parliament to send congratulatory letter to President Ilham Aliyev, First Vice President Mehriban Aliyeva
Azerbaijani agrarian agency talks female entrepreneurs provided with preferential loans
Uzbekistan reveals number of vaccinated citizens as of October 15
Kazakhstan boosts cargo transportation by road
USAID ready to continue investing in agriculture dev’t in Azerbaijan
JOCAP updates on offshore installation campaign for Absheron field
JOCAP details ongoing works at Azerbaijan’s Absheron gas field
Georgia shares data on COVID-19 cases for October 15
IEA lowers forecasts for Azerbaijan’s 2022 oil output
Georgian honey exports skyrocket, following COVID-ravaged year
Azersu OJSC eyes attracting investments for implementation of its projects
Oil prices climb on power boost, set for multi-week gains
Brand new iPhone 13 smartphones with 50GB free internet now available at Azercell Exclusive shops!
Georgia and International Labor Organization to launch new co-op programs
All news