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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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