The Azerbaijan State Agency for Alternative and Renewable Power Sources has been testing new wind power station Yeni Yashma.
The agency’s press office reported that 18 out of 20 turbines of the power station are being tested. As soon as the tests are completed, the turbines will be connected to the power system and the station will start working at full capacity.
Yeni Yashma wind power station has a capacity of 50 MWt and is located in Khyzy region, 70 km north of Baku.
According to the preliminary studies, during five years it is planned to build up to 100 objects to generate alternative power.
In 2014 investments into development of alternative power in Azerbaijan reached 63.6 million AZN, of which 34.9 million AZN fell to development of solar power and 28.7 million AZN for development of wind power.
The State Agency for Alternative and Renewable Power Sources was established by the presidential decree on August 1, 2009.—0—
Economics
-
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.
-
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."
-
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.
-
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.
Leave a review