Sunday, May 22 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of May 16
Week of May 09
Week of May 02
Week of Apr 25
Week of Apr 18
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Azerbaijan, WB eye offshore wind roadmap


    January 25, 2022 - AzerNEWS

     

      By Ayya Lmahamad The World Bank and Azerbaijan have discussed a preliminary draft of the country's offshore wind roadmap. The meeting took place during a working visit to Baku by Azerbaijan's Energy Minister Parviz Shahbazov and a World Bank mission led by Chief Energy Specialist and Head of the Working Group Yasemin Orucu.

      The parties discussed various scenarios for utilizing the vast wind energy potential in Azerbaijan's Caspian Sea sector. They discussed the capacities that could be developed in specific areas where pilot and commercial projects could be implemented.

      It was emphasized that the roadmap will help attract private investment in the field and increase energy exports in the future. The participants were briefed on the steps that would be taken at each stage, as well as global experience in this area and the integration of renewable energy sources into the energy market and power grid.

      Furthermore, the parties discussed the prospects and directions of future cooperation between the ministry and the World Bank. Azerbaijan's large number of sunny and windy days creates numerous opportunities for the development of alternative and renewable energy sources in the country.

      The renewable energy potential of the country is estimated to be 26,940 MW, which includes 3,000 MW of wind power, 23,040 MW of solar power, 380 MW of bioenergy potential, and 520 MW of mountain river potential. It should be noted that Azerbaijan joined the World Bank in 1992. Since then, the bank has financed over 50 projects with a total commitment of $4.4 billion.

      It began economic cooperation with Azerbaijan to assist in the development of institutional capacity and the efficient management of oil reserves. The World Bank has consistently backed Azerbaijan's large-scale reforms.

      -- Ayya Lmahamadis AzerNews' staff journalist, follow her on Twitter:@AyyaLmahamad

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.