Azerbaijan Renewable Energy Agency

Azerbaijan Energy Regulatory Agency was established by a Decree of the President of the Republic of Azerbaijan, dated December 22, 2017, as a public legal entity (PLE) under the Ministry of Energy of the Republic of Azerbaijan. The main responsibilities of the agency include the regulation of relations between producers, shipers, distributors, suppliers and consumers in the field of electricity and thermal energy, as well as gas supply in the Republic of Azerbaijan. In order to achieve this, the ministry makes proposals on activity analysis of enterprises, carries out restructuring measures, develops incentive mechanisms for attracting investments and controls the procedures on maintaining the requirements of engineering management system and quality of services.

Samir Akhundov is the Chairman of the Board of Directors of the Azerbaijan Energy Regulatory Agency PLE, under the Ministry of Energy of the Republic of Azerbaijan.

The Agency is an organization that ensures the arrangement and regulation of activities in the field of renewable energy sources and their efficient use in the Republic of Azerbaijan, is involved in the implementation of state policy and is included in the structure of the Ministry of Energy.

Download 🔥 https://ssurll.com/2y7XPq 🔥

Furthermore, the country adopted a Law on Using Renewable Energy Sources in Electricity Production in May 2021, providing a legal basis to develop renewable energy projects. The law envisages the introduction of auctions and tenders as support mechanisms, and it includes other draft legislative documents such as a PPA and a connection agreement.

Azerbaijan has a total installed capacity of over 7.5 gigawatts (GW): 6.5 GW of oil- and gas-fired generation and 1.1 GW of hydro. In addition, the country has a small amount of wind, solar and other renewable energy generation.

Azerishiq OJSC is the one hundred percent state-owned enterprise responsible for electricity distribution, supply and other customer services (connection, metering and billing), except in the Nakhchivan Autonomous Republic, which is directly administered by its own state energy agency. Azerishiq oversees the seven regional distribution networks of Aran, Baku, Canub, Garb, Markazi Aran, Shimal and Shimal Garb.

The Ministry of Energy of Azerbaijan Republic (Azerbaijani: Azrbaycan Respublikasnn Energetika Nazirliyi) is a governmental agency within the Cabinet of Azerbaijan in charge of regulating the activities in the industry production and energy sector of Azerbaijan Republic.[1] The ministry is headed by Parviz Shahbazov.[2]

ABU DHABI, UAE, Feb. 6, 2023 /PRNewswire/ -- Masdar, one of the world's fastest-growing renewable energy companies, has pledged to strengthen its support for Azerbaijan's renewable energy development with the opening of an office in Baku, the capital city.

The inauguration event for the office, located in Port Baku Tower, was attended by His Excellency Mohammed Murad Al Blooshi, UAE Ambassador to the Republic of Azerbaijan, and Javid Abdullayev, Director of Azerbaijan Renewable Energy Agency under the Ministry of Energy, along with a delegation from Masdar, led by its Chief Executive Officer, Mohamed Jameel Al Ramahi. Masdar will work closely with the government and other stakeholders in Azerbaijan to accelerate the growth of its renewable energy sector, as the country continues to take bold steps to meet clean energy targets and transition to a low-carbon future.

HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, said, "The United Arab Emirates and Azerbaijan both recognize the importance of investing in renewable energy to advance economic diversification, stability, and growth. Masdar's increasing scope of work in Azerbaijan, evidenced by its new Baku office, demonstrates the UAE's commitment to supporting decarbonization and sustainable development around the world."

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, "The opening of our new office in Baku is a testament to Azerbaijan's increasing focus on renewable energy and Masdar's growing global portfolio, which we have pledged will reach 100 GW by 2030. We look forward to working with our partners in Azerbaijan to continue to deliver world-class projects in support of the country and its renewable energy goals."

Javid Abdullayev, Director of Azerbaijan Renewable Energy Agency, said, "Developing our ample renewable energy potential is a strategic priority for Azerbaijan, and we believe that working with partners like Masdar will help us achieve our goals and create a brighter, more sustainable future for our people. The agreements we have signed with Masdar will play a critical role in our green growth journey and we look forward to further collaborations."

Azerbaijan plans to increase its installed power capacity to 30 percent from renewable sources by 2030, to diversify its economy and reduce greenhouse gas emissions. The Government has targeted developing renewable energy sources as a strategic priority for the country's development, and is looking to establish Azerbaijan as a green energy producer and exporter.

At ADSW, Masdar signed joint development agreements for onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a total combined capacity of 4 gigawatts (GW). The projects are part of a larger agreement with Azerbaijan's Ministry of Energy to develop a renewable energy program on a bilateral basis, with a total capacity of 10 GW across multiple technologies, one of the largest such signings in Azerbaijan's history.

Abu Dhabi Future Energy Company (Masdar) is the UAE's clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.

Azerbaijan is an oil-rich country in the Southern Caucasus region, which has tremendous potential in the field of renewable energy. According to the Ministry of Energy of the Republic of Azerbaijan (MERA), renewable energy sources are estimated to be able to generate 27,000MW, comprising 23,000MW of solar energy, 3,000MW of wind energy, 520MW of mountain rivers and 380MW of bioenergy potential.

Azerbaijan's geographically advantageous location offers an opportunity to capitalise on renewable energy sources. There is a considerable amount of solar, wind, bioenergy and hydro resources present throughout Azerbaijan.

According to MERA, the total capacity of power generated in Azerbaijan is 7,542.2MW, while the power plant capacity on renewable energy sources is 1,304.5MW. This figure contains large hydropower plants and accounts for 17.3 per cent of the total capacity. The capacity of hydropower is 1,154.8MW (consisting of 30 stations, 20 being small hydropower plants); wind power capacity is 66.1MW (seven stations, two being hybrid); solar energy capacity is 45.9MW (12 stations, two being hybrid); and bioenergy capacity is 37.7MW (two stations, one being hybrid).

In its pledge to contribute to global climate change initiatives, Azerbaijan has taken part in numerous international conferences. Under the Paris Agreement, Azerbaijan has set a target to keep a 35 per cent reduction in greenhouse gas emissions by 2030, in comparison with the base year (1990). By the conclusion of the 26th United Nations Climate Change Conference in Glasgow in 2021, Azerbaijan had adopted a new voluntary commitment to create a zero emissions zone in the liberated territories and reduce greenhouse gas emissions to 40 per cent by 2050. To be able to realise the goals, MERA has set a target to increase the share of renewable energy sources in the generation of electricity to 30 per cent by 2030.

From 2019 onwards, there has been a gradual increase in the field of renewable energy sources in Azerbaijan. Essentially, this has been associated with the implementation of several pilot projects taking place with large corporations.

In early 2020, implementation agreements for pilot projects were signed between MERA and ACWA Power from Saudi Arabia and Masdar from the United Arab Emirates. Under these agreements, a wind power plant with a capacity of 240MW is to be constructed by ACWA Power and a solar power plant with a capacity of 230MW is to be constructed by Masdar. These energy projects will be instrumental in supporting Azerbaijan's aim of reducing greenhouse gas emissions and increasing the share of renewable energy sources as envisioned by MERA. Commercial operations of the implementation agreements signed with ACWA Power for the construction of wind plants commenced in 2022, while commercial operations in relation to the implementation agreements signed with Masdar for the construction of the Garadagh solar power plant are expected to commence from 2023.

To determine the optimal limit of new capacity to be connected to the electricity grid, MERA has invited the German consulting company VPC to help achieve its goal of increasing the share of renewable energy sources to 30 per cent. In accordance with the VPC's report, the installation of capacity of 1,500MW would be needed to achieve 30 per cent by 2030.

Azerbaijan's stance to actively promote the continuing growth of the renewable energy sources field is evident from its legislation. Recently, new laws have been introduced to improve the efficiency of other laws in this area.

Azerbaijan's market of renewable energy sources has only recently started to grow. Therefore, to date, there have not been any notable mergers or other significant market activities happening in this area. 006ab0faaa