Azerbaijani President Ilham Aliyev stated Monday that his nation satisfies all its vitality wants whereas additionally exporting varied types of vitality overseas.
“We in Azerbaijan developed renewable sources of energy not in order to provide our energy security. We did it many years ago. Today, Azerbaijan not only satisfies all its needs with energy but is also exporting crude oil, oil products, natural gas, petrochemicals, electricity,” Aliyev stated throughout a speech on the opening ceremony of the Abu Dhabi Sustainability Week Summit, in keeping with a presidential assertion,
The assertion stated that Aliyev famous Baku’s program with respect to renewables has a totally totally different agenda as a result of it has an unlimited potential and due to the function it’s going to have in serving to the nation diversify its exports and create a brand new ecologically-friendly sector.
United Arab Emirates authorities owned renewable vitality firm “MASDAR and Azerbaijan’s national energy company SOCAR signed an agreement to develop four gigawatts of wind and solar power plants in Azerbaijan, and this is only a short-term project. Mid-term projects will increase the volume up to 10 gigawatts,” Aliyev stated.
He added that memorandums of understanding and agreements signed by Azerbaijan with worldwide vitality corporations will enable the nation to supply as much as 22 gigawatts of wind and photo voltaic vitality.
Aliyev arrived in UAE’s capital Abu Dhabi on Sunday, the place he initially met along with his Emirati counterpart Sheikh Mohamed bin Zayed Al Nahyan.
“During the conversation, the sides mentioned that Azerbaijan and the United Arab Emirates maintain close cooperation in the political, economic, security and other fields and highlighted the significance of expanding these relations,” an announcement by the UAE presidency stated.
The assertion additionally stated that the 2 leaders underlined the significance of reciprocal visits by delegations from the 2 international locations at totally different ranges.
