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 Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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