A new analysis by the energy think tank „Ember“ has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for.
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;
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.
The President of Egypt, Abdel Fattah El-Sisi, met with the CEO and founder of the Greek Copelouzos Group, Dimitris Copelouzos, to discuss the implementation of the Egypt-Greece electricity connection, which will improve energy connectivity and diversification in the region.
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.
„Petkim“, a subsidiary of „SOCAR Turkey“, aims to produce 200 gigawatts of electricity per year through 17 wind turbines, Director General of „SOCAR Turkey“ Zaur Gahramanov said at a press conference for representatives of the Azerbaijani media.
According to Gahramanov, renewable energy supply has a strategic importance.
A Memorandum of Understanding was signed between the Azerbaijani Ministry of Energy and the International Finance Corporation (IFC), a member of the World Bank Group, on cooperation in the use of offshore wind energy for the development of renewable energy sources in Azerbaijan, Trend reports citing the ministry.
