The Ministry of Energy of Azerbaijan has signed 2 agreements on cooperation in the field of "green" energy
The Ministry of Energy of Azerbaijan has signed 2 agreements on cooperation in the field of "green" energy
Cooperation agreements between the Ministry of Energy of Azerbaijan and the American Nobel Energy and the Spanish “Elecnor” were signed in Baku today within the framework of the 10th meeting of the Advisory Council of the Southern Gas Corridor (SGC) and the 2nd meeting of the Advisory Council on Green Energy.
The Memorandum of Understanding signed between the Ministry of Energy and Nobel Energy provides for the construction of a 100 MW solar power plant in the Jabrayil district. The parties will also cooperate in the production, sale and consumption of electricity.
The Memorandum with the Spanish company “Elecnor” provides for cooperation in the implementation of a 70 MW wind farm project in the Garadagh district.
Economics
-
The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
-
Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
-
Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
Leave a review