RES

UK ready to share expertise in offshore wind energy with Azerbaijan – trade commissioner

By
MARYANA AKHMEDOVA

The UK is ready to share its experience in offshore wind energy deployment with Azerbaijan, Kenan Poleo, HM Trade Commissioner for Eastern Europe and Central Asia, told Trend.

“As a country with one of the largest installed capacities of offshore wind in the world and the largest pipeline of projects in Europe, we stand ready to share the UK experience of developing the industry with Azerbaijan”, he said.

The Egypt-Greece electricity interconnection project of ELICA SA - a Copelouzos Group company, was presented at the UN World Conference on Climate Change COP27

By
DIANA ZAYKOVA

The landmark Egypt-Greece Electricity Interconnection Project (GREGY), which is being developed by the Copelouzos Group company ELICA SA, was unveiled during the UN World Climate Change Conference COP 27 in Sharm el-Sheikh, Egypt.

Гърция се домогва до статут на зелен енергиен коридор

By
CHRYSSA LIAGGOU

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.

“Khizi-Absheron” wind farm to significantly reduce volume of gas used in Azerbaijan - energy expert Ilham Shaban

By
ФАРИД ЗОХРАБОВ

“Khizi-Absheron” wind farm with an installed capacity of 240 megawatts will become the largest wind power plant in Azerbaijan, energy expert Ilham Shaban stated.

According to Shaban, to date, a hybrid power plant at the Gobustan alternative energy experimental polygon has been the largest wind power plant in the country.

Turkmenistan can supply natural gas to European market until 050 – ambassador

By
BLACKSEA-CASPIA

Turkmenistan has the opportunity to supply natural gas to the European market until 2050, Ambassador of the European Union to Turkmenistan Diego Ruiz Alonso said in an interview with the Turkmen ORIENT news agency.

Diego Ruiz Alonso said that during this period, Europe, which focused on the “green economy”, will still be forced to use traditional, hydrocarbon fuels.

Azerbaijan Discusses potential projects for co-op on renewable energy with EU

By
ХАГАН ИСАЕВ

Azerbaijan has put forward proposals on potential projects in the field of renewable energy and energy efficiency within the European Commission’s document entitled “Recovery, resilience and reform: post 2020 Eastern Partnership priorities”, reports the Azerbaijani Energy Ministry on Nov. 19.

Azerbaijan has great potential to become a leader in the transition to a green economy - EBRD manager

By
LEMAN ZEYNALOVA

Azerbaijan has great potential to become a leader in the transition to a “green” economy, since the government understands the possibilities of renewable energy sources and the importance of creating sustainable infrastructure, the head of the EBRD office in Azerbaijan Kamola Mahmudova said in an exclusive interview with Trend.

She noted that the current approach of Azerbaijan in this area is balanced, proactive and practical.

ADB to prioritize Uzbekistan’s transformation to market-based economy through reforms (Exclusive)

By
FAKHRI VAKILOV

Asian Development Bank (ADB) will prioritize Uzbekistan’s transformation to market-based economy through reforms, regional connectivity and cooperation, and sustainable and inclusive growth in planning its assistance, an ADB representative told Trend.

The representative stated that ADB assists Uzbekistan with innovative financing instruments such as partial credit guarantees and public-private partnership schemes, consistent with Uzbekistan’s pursuit of engaging private investments in public infrastructure projects.

Azerbaijan’s Karabakh Revival Fund negotiating to attract investments in renewable energy sector

By
SADRADDIN AGHJAYEV

Azerbaijan's Karabakh Revival Fund is negotiating to attract investments in the field of renewable energy sources (RES), chairman of the board of the Karabakh Revival Fund Rahman Hajiyev said at the Japan-Azerbaijan investment forum held in Baku, Trend reports.

According to Hajiyev, the Karabakh Revival Fund is developing a special project for this purpose.