The memorandum of understanding signed between the EU and Azerbaijan on July 18 is a victory for both sides, and especially for Azerbaijan in terms of being treated as the EU's strategic partner, the former US ambassador to Azerbaijan, Matthew Bryza told Trend.
“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 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 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, 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.
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 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.
Kazakhstan looks forward to continuing cooperation with the EBRD in the field of renewable energy sources, Kazakh President Kassym-Jomart Tokayev said, Trend reports with reference to the Kazakhstan presidential press service.
Tokayev made the remark during a meeting with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso.
During the meeting, the results of the EBRD’s activities in Kazakhstan and priorities for further cooperation were discussed.
On 9 April 2021, President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On measures to develop renewable and hydrogen energy in the Republic of Uzbekistan”. This was reported by the press service of the Ministry of Energy of the Republic of Uzbekistan.
The Ministry of Energy of the Republic of Azerbaijan and bp today signed a Memorandum of Understanding to cooperate in assessing the potential and conditions required for large-scale decarbonized and integrated energy and mobility systems, including renewable energy projects in the regions and cities of Azerbaijan, Trend reports citing bp.
