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 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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