2024-06-12 23:03:01
Negotiations on the creation of wind farms offshore and onshore in Azerbaijan are on the closing stage.
As Day.Az reported on Wednesday on the subject of Development, this was said at panel discussions on the Baku Vitality Discussion board by Vice President and Managing Director of Acwa Energy Raad al Saadi.
“As well as, negotiations on vitality storage will quickly be accomplished. Acwa Energy is impressed by how Azerbaijan combines vitality safety and vitality transition, in addition to politics and financial pursuits,” Raad al Saadi mentioned.
He pointed to the effectiveness of cooperation between Saudi Arabia and Azerbaijan each on the state stage and on the firm stage and the similarity of the approaches of the 2 nations in vitality technique.
“The synergy of fossil and renewable vitality sources (RES), which is going on in Azerbaijan and Saudi Arabia, is a crucial ability for the cheap improvement of the financial system,” Al Saadi emphasised.
In accordance with him, Saudi Arabia will make investments US$50 billion within the vitality transition in order that renewable vitality accounts for 50 % of the vitality combine.
“Azerbaijan can be shifting in the direction of guaranteeing {that a} third of its electrical energy is produced from renewable vitality sources. And our tasks in Azerbaijan contribute to this.
We’re lively in Azerbaijan, Kazakhstan, Uzbekistan and Turkey, that’s, on this area, in a broad sense. Due to this fact, we are able to effectively and simply present upkeep for renewable vitality amenities right here, in addition to convey new applied sciences to the area,” added al Saadi.
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