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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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