Azerbaijan, Kazakhstan discuss green energy cooperation opportunities
Azerbaijani and Kazakh Energy Ministers have discussed green energy cooperation opportunities, Energy Minister Parviz Shahbazov wrote on X, Trend reports.
Azerbaijani and Kazakh Energy Ministers have discussed green energy cooperation opportunities, Energy Minister Parviz Shahbazov wrote on X, Trend reports.
On May 18, 2023: Greece's Copelouzos Group, through its subsidiaries DAMCO ENERGY and ELICA MEDITERRANEAN INTERCONNECTION, and Infinity Power, a joint venture between Masdar (Abu Dhabi Future Energy Company) and Egypt's Infinity, signed a memorandum of understanding. The companies will cooperate on a non-exclusive basis to jointly develop renewable energy projects that will also provide a source of green energy for the GREGY electrical interconnector.
In Azerbaijan, the regime is liberalized in proportion to the quantities of gas that have to travel to Europe – there is an obvious correlation and it is positive. The country is valuable to Europe for five reasons. These are:
- natural gas;
- Azerbaijan's huge potential to produce green energy to be imported to Europe - Azerbaijan has the ability to produce wind energy around the clock;
US supports Azerbaijan's initiative to create green energy corridor, Deputy Chief of Mission at the US Embassy Hugo Guevara said during the Azerbaijan-US Energy Forum in Baku, Trend reports.
According to Guevara, the US always supports Azerbaijan, which is a reliable supplier helping countries to ensure energy security.
Implementation of the project covering transfer of green energy from Azerbaijan to Romania and Hungary through Georgia and the Black Sea continues, Azerbaijan’s Energy Minister Parviz Shahbazov said, Trend reports via the ministry.
Shahbazov made the remark within the Berlin Energy Transition Dialogue conference during a roundtable dedicated to perspectives for a future energy partnership.
The State Oil Company of Azerbaijan (SOCAR) has engaged international consulting firms to review its "green" strategy.
This was announced by the representative of SOCAR - Teymur Guliyev at a panel discussion during the seminar "Green hydrogen - a path to decarbonization".
He noted that the process will be completed within six months.
Azerbaijan's offshore wind resources in the Caspian are large enough to export green electricity, as well as clean hydrogen, and article in The Telegraph said, Trend reports.
As the author of the article said, Azerbaijan is a relatively small country, however, vast offshore wind capacities in the country's Caspian Sea sector open major opportunities.
Azerbaijan will become an important green energy and hydrogen supplier to Europe in the near future, said Azerbaijan’s energy minister Parviz Shahbazov, Trend reports.
He was addressing the ministerial meeting of the Southern Gas Corridor Advisory Council held in Baku Feb.3.
Parviz Shahbazov said that the Green Energy Advisory Council, along with the Southern Gas Corridor Advisory Council, proves that along with natural gas, green energy is a priority for Azerbaijan.
Saudi Arabia expressed its desire to join the process of exporting ‘green’ electricity from Azerbaijan to Europe, Minister of Investment of Saudi Arabia, co-chair of the joint commission of the two countries Khalid bin Abdulaziz Al-Falih said on December 19, Trend reports.
Al-Falih made the remark at the 7th meeting of the Joint Commission on Cooperation between Azerbaijan and Saudi Arabia held in Baku.
Greece aims to become a hub for the transfer of electricity produced by renewables in Africa and the Middle East to Central and Western Europe, amid a drive by governments to cut dependence on Russian fossil fuels. The idea is that green energy corridors will replace the pipelines that cross the continent from east to west and from north to south. The new sources of green energy for Europe lie in the south and across the Mediterranean Sea, in North Africa and the Middle East, and the route to Europe runs through Greece.