USD 87.9595


EUR 94.2606


Brent 84.08


Natural gas 2.815



Azerbaijan eyes 50% of energy consumption from renewable sources

Azerbaijan eyes 50% of energy consumption from renewable sources

Baku, June 23 - Neftegaz.RU. The development of the alternative energy sources in Azerbaijan will not depend on changes in the volume of the country’s oil production, Head of the Environmental Policy Department of the Ministry of Ecology and Natural Resources Rasim Sattarzade told Trend.

"In turn, the decline in oil prices does hinder the development of renewable energy. This is due to the fact that the price of energy obtained by burning fossil fuels is reduced, and, of course, competitiveness is falling," noted Sattarzade.

The head of the department said that the European Commission estimates that 2.8 million new jobs in the renewable energy industry will be created in the EU countries by 2020, adding that the alternative energy industry will create over 1 % of GDP and, in other words, green energy has bright prospects.

"Assessing the situation in the world, we can definitely say that the future lies with alternative energy. The era of clean energy is ahead. Coal, natural gas & oil are a thing of the past. Azerbaijan should focus not on diesel and gasoline, but on electric cars. Therefore, we need not just understanding, but a clear plan of action, based on the balance of electric energy generation and its consumption," he said.

Speaking about forecasts of the development of renewable energy in Azerbaijan in the next 10 years, Sattarzade emphasized that the generation of wind and solar energy in the country will gradually increase in volumes.

"For Azerbaijan, oil & gas remain the main source of electricity production. However, in accordance with plans, half of the country's total energy consumption should be generated by renewable energy sources by 2050. Azerbaijan has the potential to draw up this indicator to 6 % by 2025, and to 10 % - by 2030," said the department’s head.

"The 'clean' energy overcomes its current problems by the massive attraction of investments, despite political or geopolitical conditions. Renewable energy has no alternative. This can be said when assessing the present situation with oil & gas," he stressed.

Touching upon the topic of environmental protection and expanding the possibilities of using alternative energy sources, along with such important strategies as maintaining macroeconomic stability, accelerating industrialization, creating industrial towns, expanding the use of intensive methods in the agricultural sector, effectively using the country's transit potential, increasing urban areas, expanding opportunities to use information and communication technologies, and carrying out innovative activities, Sattarzade noted that Azerbaijan has a serious potential for the active development of alternative energy in the coming years.

Follow us on Google News
Advertising at

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"

Advertising at