In quarter 1. 2016 Azerbaijan generated 4.5 million kwh of power from alternative sources, a source from the Azerbaijan State Statistical Committee told Turan.
Generation of power from alternative sources increased by 2 million KWh or by 180% against the same period last year.
The Statistical Committee said that from January to March 2016 generation of wind power totaled 3.4 million KWh (2.2 million Kwh in quarter 1, 2015) and solar power – 1.1 million KWh (0.3 million KWh).
In quarter 1, 2016 Azerbaijan generated 5,976,200,000 KWh power (tank power totaled 5,709,600,000 kwh). Only 6.5% of power generation fell to the hydraulic power stations. Share of alternative power in generation of tank “electricity” constituted only 0.078%.
Azerbaijan has committed itself that in 2020 it will increase power generation from alternative sources up to 20% in total volume of power generation.---0—
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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