The State Agency for Alternative and Renewable Energy at the Ministry of Energy of Azerbaijan has prepared a strategic plan for the development of renewable energy, according to which by 2020 the country will build solar power plants with a total capacity of 2,065 thousand MW and wind turbine parks with a total capacity of 1,512.5 MW.
As the deputy head of the agency Jamil Melikov said in an interview with CISSOLAR, the basis for the implementation of projects in the field of renewable energy has been created, including the laws "On Energy", "On Power", "On the use of energy resources" and "On power stations."
"In this case, the national legislation is at the stage of formation. This year it is expected to adopt new legislation. First of all, we plan to adopt a law "On the green tariff", which is expected to be approximately $ 17 per 1 kW / h for solar power plants."
According to him, wind power electricity in Azerbaijan is sold to the grid at the rate of about $ 4.3 per 1 kW / h, and that from bio and hydro power plants - at $ 3.9 per 1 kW / h. In addition, the stations are able to sell electricity to customers under direct contracts - at $ 5.7 per 1 kW / h.
"The development of renewable energy in Azerbaijan will reduce the use of gas in the domestic market and increase its export volumes. Also, due to the distribution of generation capacity across the country and their setting next to the end-users of energy, we will significantly reduce the cost of upgrading networks and electricity losses during transportation," concluded the official. --17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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