BAKU, Azerbaijan, June 3. Azerbaijan is
discussing with the World Bank the development of renewable energy
projects, including solar power generation and programs to install
solar panels on building roofs, the Deputy Minister of Energy
Orkhan Zeynalov said, Trend reports.
He made the statement during a panel discussion held as part of
the 31st International “Caspian Oil and Gas” Exhibition.
The deputy minister noted that the country is in the process of
transitioning to green energy and is actively investing in the
development of renewable energy sources.
“By next year, we plan to introduce and integrate 2 gigawatts of
capacity into the national power grid, which will generate 5
billion kilowatt-hours of electricity. This will reduce carbon and
greenhouse gas emissions by 2.4 million tons, as well as free up
1.1 billion cubic meters of gas that can be used domestically and
exported,” he said.
He noted that preliminary results of a joint study with the
World Bank indicate significant potential for the development of
rooftop solar panels in the country, as well as interest from the
market and investors.
Zeynalov also emphasized that the Ministry of Energy of
Azerbaijan is ready to support the further implementation and
promotion of the study’s findings and related projects.
