Azerbaijan eyes to implement over 20 projects in alternative energy

28 June 2018 19:35 (UTC+04:00)

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The State Agency on Alternative and Renewable Energy Sources of Azerbaijan plans to implement 23 projects worth about 13 million manats as part of the Strategic Roadmap for the Development of Public Utilities (Electric and Thermal Energy, Water and Gas) in 2018-2020, a source familiar with the situation told Trend June 28.

“The projects include construction of wind, hydro and biofuel power plants with a total capacity of 420 megawatts,” the source said. “This is while 350 megawatts will account for wind power plants, 50 megawatts for solar power plants, and 20 megawatts will account for biofuel power plants. The cost of building wind power plants will be 1.020 billion manats, solar - 148.2 million manats, biofuel - 116 million manats.”

The power plants will be able to generate 1,937 kilowatt-hours of electricity per year, according to the source.

The source noted that the implementation of these projects will help achieve natural gas savings of 2.986 million cubic meters of gas per year, as well as significantly reduce the amount of carbon dioxide emissions into the atmosphere.

The power capacity of Azerbaijan’s energy system is more than 6,000 megawatts. At the same time, the potential of renewable energy sources in the country is over 25,300 megavolts-amperes, according to experts. Most of the country’s potential in this sphere accounts for solar energy.

(1.7 manats = 1 USD on June 28)

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