Share of Renewable Energy in Azerbaijan’s Energy Balance Does Not Reach 1%
In January-September 2016 Azerbaijan produced 16 794.6 million kW / h of electricity, which is 2.3% less than the same period last year. This was reported in the monthly report of the State Statistics Committee of Azerbaijan.
According to the State Statistics Committee, in the reporting period, the volume of produced electricity amounted to 16 045.4 million kW / h (decline by 2%).
The thermal power plants of Azerenergy produced 14,426.0 million kW / h of electricity (decline by 4.7%), and hydroelectric power plants – 1,557,500,000 (26.1% growth).
In addition, solar power generation amounted to 50.1 million kilowatt / hour (an increase of 15.7 times) and wind power - 11.8 million kilowatt / hour (an increase of 2.5 times).
The share of electricity from alternative sources, including from the mini-hydropower plants (on balance of Azerenergy there are 6 units, which generated about 20 million kW / h), with a total development of the country's electricity in January-September 2016, according to estimates of Turan IA, amounted to 0.49%. -12B--
Economics
-
The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
Leave a review