As you know, the energy transition is progressing quite successfully in our country, Minister of Economy of Azerbaijan Mikayil Jabbarov said an interview to Public Television (ITV) and the Azerbaijan State News Agency (AZERTAC).
"To date, two large power stations have already been constructed and are now in operation through the investments of foreign investors. These are the 230-megawatt solar power plant built by Masdar and the 240-megawatt wind power plant built by ACWA Power. The Shafag project is also currently being implemented in the liberated territories with the participation of bp, SOCAR, and other investors. These projects, in addition to contributing to the domestic energy supply, reduce the volume of natural gas previously used for electricity generation and thus expand the country’s export capabilities. I would also like to note that, in the future, we see Azerbaijan not only as an energy producer but also as an energy hub, or energy crossroads. Here, the discussion is not limited to green energy; tangible projects are already being implemented across traditional energy sectors as well, including oil and gas infrastructure," minister noted.
