Asian Development Bank: Alternative power has no future in Azerbaijan

Energy Outlook for Asia and Pacific through 2035 published by the Asian Development Bank promises nothing good to the alternative in Azerbaijan.

According to the ADB Outlook, the alternative energy will ensure a minor increase in the share of new and renewable energy in the alternative case at 0.6% in 2035, in contrast to BAU at 0.1% in the same year.

The installed capacity for wind energy may stay at 106 MW. In the alternative case, Azerbaijan’s electricity generation in 2035 will be about 12% lower at 33.9 TWh in 2035, compared with that of BAU at 38.5 TWh.

At that, the domestic energy sector will remain “gas”: electricity generation in the alternative case is almost identical to that of BAU in 2035, with a slight contraction of the natural gas share in 2035 at 90.5% compared with BAU at 91.8%.

The Bank points out that the projects are currently curtailed by limited financial availability. Because of the country’s cost competitiveness in hydrocarbon resources, prospects for introducing more new and renewable energy sources are low, even in the alternative case.—0--