The Minister of Energy of Azerbaijan Parviz Shahbazov (Parviz Shahbazov) stated in the 14th Baku Summer Energy School of Ada University that the priority of Azerbaijan’s modern energy policy is to expand the use of renewable energy, and the school should be committed to energy research. The increasingly important role of policies in the development of renewable energy.
He also stated: “In addition to expanding the use of renewable energy, the priorities of Azerbaijan’s modern energy policy also include improving the efficiency of the energy system and gradual transition to a free market model.”
Shakhbazov also said: “For this purpose, four new bills have been drawn up, and two new bills have been drawn up and the long-term development strategy of the energy sector of the Republic of Azerbaijan, which is in line with Saudi Arabia’s ACWA Power Company and UAE’s Mas Dahl has implemented a pilot project with an installed capacity of 440 MW.”
The Minister emphasized: “We plan to start construction of 240 MW wind and photovoltaic power plants and 200 MW photovoltaic power plants before the end of the year.”
Shakhbazov said: “These power stations will be constructed through an investment of 400 million U.S. dollars and are expected to generate 1.4 billion kilowatt-hours of electricity each year.” “The construction of these stations will save more than 300 million cubic meters of natural gas, reduce carbon dioxide emissions by more than 600,000 tons, and create hundreds of new jobs.”