Growth of alternative power in Azerbaijan
From January to July 2015 Azerbaijan has generated 4.1 million KWh of wind power, reads the monthly report of the Azerbaijan State Statistical Committee.
Power generation by the wind stations increased by 2.5% against the same period last year.
According to the Committee, during the first seven months this year the country has also generated 2.1 million KWh of solar power.
Last year Azerbaijan did not generate any solar power.
* The State Alternative Power Agency was established by the presidential decree on August 1, 20009. Wind power is generated in the country since 2013.—0—
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- Economics
- 21 August 2015 12:47
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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