Wind farm launched in Yeni Yashma
A wind farm with a capacity of 50 megawatts in the village of Yeni Yashma of the Khyzy area is ready for use and until the end of September it will be connected to the network Azerenergy.
The head of the State Agency for Alternative and Renewable Energy of Azerbaijan Akim Badalov told the media it is not the only power plant, commissioning of which is expected this year. His organization continues to work on the creation of new generating capacity in the field of alternative energy in Sumgait, Pirallahi, Garadagh, and Samukh. In the same Yeni Yashma there is another object whose construction is completed and the inspection work is already underway.
According to him, the projects finalized the construction of new solar power plants in seven regions of the country. By early next year it is scheduled to lay the foundation of these objects. In addition, in Sheki and Siyazan at the beginning of 2015 it is planned to lay the foundations of power plants using biomass. In Sheki there has been also completed the construction of a small hydropower plant, and its commissioning is underway.
Speaking about the plans for the next year, the head of the renewable energy agency announced his intention to launch a project to build power plants with total capacity of 300 MW capacity by using wind and solar energy, small rivers, and geothermal water and biological resources. According to him, to date, the amount of public investments aimed at the development of this sector, from July 16, 2009 exceeded 100 million manat. --17D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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