The share of alternative energy in Azerbaijan in the first two months of the year amounted to 0.067% (2.7 thousand megawatt hours) of total electricity generation, the State Statistics Committee of Azerbaijan reported in January-February.
In general, the total product amounted to 4.007 million MW / h. It is equivalent to 3,828,000 MW / h with average technical losses in electricity and transformers up to 18% (this figure is higher in the winter).
According to the State Statistics Committee, the wind energy sector was 2 thousand MW / h (+ 11.1% over the same period last year), and solar energy was 0.7 thousand MW / h..
Recall that 9.7 thousand MW / h of renewable energy was produced last year, of which wind energy was 5.7 thousand MW / h, and solar energy was 4 thousand MW / h. --17D-
Economics
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Azerbaijan’s State Tax Service is grappling with technical issues on its online portal, e-taxes.gov.az, preventing the submission of mandatory social insurance and health insurance tax declarations. The problem has emerged at a critical time, as the 20-day quarterly period for submitting declarations began on October 1.
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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