2024-06-12 16:03:33
Over the previous few years, Azerbaijan has been making ready a legislative framework to draw funding in renewable power sources (RES) and is making an attempt to shortly resolve all points that come up within the course of.
As Day.Az reviews on Wednesday on the subject of Pattern, Deputy Minister of Power of Azerbaijan Orkhan Zeynalov mentioned this throughout a panel dialogue on the subject “Improvement of sustainable power: the potential of inexperienced power within the Caspian area” throughout the framework of the twenty ninth Baku Power Discussion board.
In keeping with him, to extend the attractiveness of renewable power tasks, the federal government is encouraging a public-private partnership (PPP) monetary scheme, has launched tax incentives for buyers in various power sources, and is attracting non-public firms to handle power networks.
“Attracting investments in renewable power sources in Azerbaijan is necessary given its nice potential (157 GW offshore and 115 GW on land); there’s a want on the earth for the acquisition of inexperienced power,” Zeynalov mentioned.
On the similar time, in accordance with him, there are problems with provide chain, essential gear, telecommunication cable, however they’re being resolved yr by yr.
Zeynalov famous that the manufacturing of renewable power sources on the earth is turning into cheaper, and such tasks are being applied an increasing number of.
“In keeping with IRENA, 5 GW of inexperienced power was created on the earth in 2023, and the tempo of renewable power manufacturing is rising,” he mentioned.
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