Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Friday, March 15, 2024

Azerbaijan to build new solar plant in Baku

Azerbaijan is currently constructing a new solar power plant in Baku's Pirallahi district.

The new 2.8 megawatt plant is expected to be completed this year. The Pirallahi district of Baku is rich in alternative energy sources including sun and wind. Azerbaijan's State Agency for Alternative and Renewable Energy received a land plot of two hectares in the district to build the plant, AzerNews reports.

There is also strong potential for solar energy production in the sunniest areas of Azerbaijan, the Kur-Araz lowland area, the Absheron peninsula, the Gobustan district, and Nakhchivan Autonomous Republic. Each area averages between 250 and 300 sunny days a year.

Solar energy is expected to account for 40 percent of all alternative energy in Azerbaijan by 2020. The share of overall alternative energy sources is expected to increase to 20 percent of the total volume of energy consumption in Azerbaijan by 2020.

Azerbaijan may also possess the potential to develop geothermal energy, AzerNews reports.