The European Union and Azerbaijan have signed a memorandum of understanding on wind power cooperation on the second Ministerial Assembly of the EU-Azerbaijan Inexperienced Power Advisory Council, held in Baku.
The settlement “will pave the way in which for European renewable power corporations to faucet the massive wind energy potential of Azerbaijan, to assist push ahead the clear power transition within the area, and to doubtlessly generate new renewable power provides for Europe”, the European Fee’s Directorate-Basic of Power mentioned in a information launch.
“The EU and Azerbaijan’s strategic power cooperation has proven all its flexibility and dynamism”, EU Power Commissioner Kadri Simson mentioned. “In 2019, there was solely fuel on the horizon. Not at present. The Southern Fuel Hall has advanced to change into a discussion board for cooperation additionally on renewables and electrification. That is a rare end result and is proof of how this mission is ahead trying and open to the longer term”.
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“We have now made clear power a key a part of EU-Azerbaijan bilateral relations”, Simson added. “The signature of the Memorandum of Understanding with EU wind corporations within the margins of this Ministerial is an important step”.
The assembly was held in parallel with the tenth Ministerial Assembly of the Southern Fuel Hall (SGC) Advisory Council.
In a joint assertion, Co-Chairs Parviz Shahbazov, minister of power of the Republic of Azerbaijan, and Simson, reaffirmed the essential position of the SGC as a dependable transmission system that secures secure and aggressive power provides from Azerbaijan to the EU.
Based on the joint assertion, in 2023, round 12 billion cubic meters of pure fuel had been exported from Azerbaijan to the EU, which represented a greater than 45 % enhance since 2021. In whole Azerbaijan exported round 23.9 billion cubic meters of pure fuel in 2023 to the EU, Turkish, Georgian, and Serbian markets.
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