BAKU, Azerbaijan, February 20. Australian
Fortescue Future Industries (FFI) will work carefully with Azerbaijan
in inexperienced power sphere, FFI spokesperson informed Trend.
“Azerbaijan’s plan is to fulfill 30 p.c of its home wants
for electrical energy from renewable power sources by 2030, and to
export inexperienced power to Europe. FFI will work carefully with the
authorities within the coming interval to determine probably the most acceptable
location for potential initiatives from renewable power sources and
inexperienced hydrogen manufacturing,” mentioned the spokesperson.
The FF1 consultant famous that Azerbaijan is ideally positioned
geographically to export inexperienced power to Europe via present
pipelines and thru potential cable interconnectors that are
being mentioned by the European Union and Azerbaijan.
“FFI is concerned with exploring each the export of inexperienced power
to Europe and the usage of inexperienced power for the decarbonization of
Azerbaijan,” mentioned the spokesperson.
Fortescue Future Industries signed a memorandum with
Azerbaijan’s Ministry of Energy in late 2022 for the implementation
of a venture for manufacturing of 12,000 megawatts of wind and photo voltaic
power in Azerbaijan.
Meanwhile, FFI has already ready a venture plan for the
manufacturing and export of inexperienced hydrogen in Azerbaijan, which was
offered on the second assembly of the fee on renewable
power sources below the chairmanship of Azerbaijan’s power
minister Parviz Shahbazov.
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