Azerbaijan and 3 other countries signed an agreement on the development and transmission of green energy
The signed document envisages the creation of infrastructure for the transmission of electricity from Azerbaijan to Romania and Hungary through Georgia and the Black Sea.
On December 17, an agreement on strategic partnership between 4 countries regarding green energy was signed in Bucharest, the capital of Romania. (“Azerbaijan Agreement between the Governments of the Republic of Georgia, Romania and Hungary on strategic partnership in the field of green energy development and transmission”).
Romania and Azerbaijan presidents, prime ministers of Georgia and Hungary and also Europe The President of the Commission participated.
It is reported that the project will be completed in 6 years
About 1200 kilometers of cable Azerbaijan and will deliver electricity from Georgia to Romania and Hungary. The project should be completed within six years.
This project Europe Union Russia is part of an effort to reduce energy dependence.
Attending the signing ceremony Europe Commission President Ursula von der Leyen He said that the EU is ready to provide financial support to the project after the feasibility study.
He said the cable “will help strengthen our security of supply”.
Von der Leyen added that the project “can greatly benefit Georgia, a country with a European destiny”.
“This could turn that country into an electricity hub and integrate it into the EU electricity market,” he said. The cable passing under the Black Sea could transmit electricity to our neighbors in Moldova and the western Balkans and, of course, to Ukraine.”
Official news agency, Azertaj, reports that the President of Azerbaijan, who spoke at the plenary session on the agreement Ilham Aliyev only one global energy company in Azerbaijan 10 Gigavatlyg noted that he plans to invest in the production of green energy:
“Two days ago Azerbaijan The Ministry of Energy has signed a framework agreement with another global energy company. That company plans to invest in the production of up to 12 gigawatts of wind and solar energy in Azerbaijan. Thus, at least 3 gigawatts of additional transmission capacity will be created in the first phase of export from Azerbaijan.” -I. Aliyev said.
Energy transition
Energy transition is one of the most discussed issues in the global energy system in recent years. We are talking about using energy as a whole: oil, coal, natural gas It is about reducing the share of traditional resources and instead increasing the share of renewable energy resources (solar, wind and other alternative energy sources).
At the event “Growth prospects of a changing global economy” held in Baku in September 2022 Azerbaijan Energy Minister Parviz Shahbazov said that “Azerbaijan is one of the few countries that is ready for energy transition today”.
The interest in the energy transition is related not only to economic motives, but also to climate change and decarbonization goals.
In accordance with the terms of the Paris Agreement, the European Union, which is the world’s largest energy importing region, aims to reduce greenhouse gas emissions by 40 percent by 2030 compared to 1990. In the middle of the 21st century – in 2050, it is aimed to achieve zero waste.
European Union region Azerbaijan is the main energy partner. On the other hand, Azerbaijan itself joined the Paris Agreement. National Parliament ratified the agreement in 2016, and the country committed to reducing greenhouse gas emissions by 30 percent by 2030 compared to 1990 levels.
What is the share of alternative energy in Azerbaijan?
According to official figures, last year in the country total 27 billion 856 million kilowatt hours electricity was produced. 94 percent of it was accounted for by thermal power plants. In other words, the absolute majority of electricity production in the country is natural gas provided at his expense.
The electricity produced in hydropower plants was 4.6 percent of the country’s total electricity production. The share of renewable energy sources (wind, solar, biomass, etc.) in electricity production in Azerbaijan was only 1.2 percent.