BAKU, Azerbaijan, November 13. The rising
power demand inside the European Union, a significant international shopper,
drives the initiation of latest tasks. As a results of this,
Azerbaijan’s significance for Europe rises. Specifically, Azerbaijan
assumes a particular position in growing chopping-edge applied sciences
for power transmission.
In December 2022, a contemporary challenge was endorsed in Bucharest
underneath the Global Gateway Initiative. Named the Black Sea Energy
Submarine Cable, this challenge goals to ascertain safe power
sources for Europe. To assist the challenge, a Strategic Partnership
Agreement was inked in Bucharest involving the European Commission,
Azerbaijan, Romania, Hungary, and Georgia.
The essential precedence of the challenge is to ship renewable power
to Romania by way of underwater electrical cable passing by way of
Azerbaijan and Georgia. It is anticipated that the challenge, with an
preliminary funds of $2.3 billion, might be operational by 2029.
In her assertion relating to the settlement, President of the
European Commission Ursula von der Leyen acknowledged that this challenge
will convey the EU international locations nearer to the South Caucasus. The two
South Caucasus international locations, Azerbaijan and Georgia, have already
confirmed how important companions they’re in essential tasks for
Europe by implementing a number of power and transit initiatives,
together with the Baku-Tbilisi-Ceyhan challenge. In the longer term, after
making certain peace and stability within the area, the opportunity of
Armenia becoming a member of the challenge just isn’t dominated out.
The truth that each one three international locations possess substantial potential
in different power makes them essential strategic companions for
Europe. This challenge signifies the transmission of subsequent-era
power to the West, with Azerbaijan taking part in a key position in it.
Overall, Azerbaijan’s renewable power potential quantities to 27
gigawatts on land and 157 gigawatts offshore. By 2027, 4 gigawatts
of this potential might be realized, with 80 p.c earmarked for
export, a determine anticipated to extend to 25 gigawatts shortly.
Azerbaijan plans to ascertain a further transmission capability
of 6 gigawatts by 2027. In a couple of months, a complete
technical-financial justification for a brand new underwater cable challenge
making certain power safety might be prepared. Currently, the
technical-financial rationale is being ready for 4 gigawatts of
renewable power sources.
As Julian Bowden, Senior Visiting Research Fellow at Oxford
Institute for Energy Studies (OIES) informed Trend earlier, the Black
Sea cable challenge will cement Azerbaijan’s position as a dependable
power provider. He famous that Azerbaijani gasoline has already performed a
essential position in European decarbonization path, regardless that it’s a
fossil gasoline; nonetheless, it’s means higher than coal.
In flip, Ariel Cohen, PhD, Senior Fellow on the Atlantic Council
Eurasia Center and the Managing Director of Energy, Growth and
Security Program on the International Tax and Investment Center,
identified that Azerbaijan is about to turn out to be main green
electrical energy exporter to Europe.
“Azerbaijan has signed 10-gigawatt value of Memoranda of
Understanding offers, and even when 1/3 or one half of these is
materialized, this might be a significant supply of power for Europe. The
thought is to export such electrical energy by cable to the Georgian coast
after which throughout the Black Sea to Romania. Some of it is going to go to
Türkiye by way of a grid. This would enhance the quantity of gasoline obtainable
for exports and would make Azerbaijan a significant electrical energy
exporter,” he defined.
And, certainly, this challenge might lengthen past the international locations that
have already signed this settlement as a result of the interconnection to
energy grids all through Europe is nicely-developed. When built-in
into the European power system, electrical energy generated in
Azerbaijan can attain any a part of Europe, with its supply being
Azerbaijan’s renewable power.
Considering the rising demand for various power sources,
notably renewables, Turkmenistan and Kazakhstan, alongside
Azerbaijan, could be part of the green corridor initiative to export their
substantial green power sources to Europe. Turkmenistan has
expressed its readiness to produce electrical energy to Azerbaijan and
Turkey throughout the Caspian Sea. Currently, the nation gives
electrical energy to neighboring nations akin to Uzbekistan and
Kyrgyzstan. Recently, the inspiration stone for a brand new 1,574 MW energy
plant was laid on the Turkmen coast close to Turkmenbashi.
As of the top of 2022, Kazakhstan operates 130 renewable power
services with a mixed capability of two,400 MW. In the earlier
12 months, the nation’s renewable power manufacturing reached 5.11
billion kWh, constituting 4.53 p.c of complete electrical power
manufacturing. This determine is anticipated to succeed in 5 p.c in 2023.
Additionally, in 2022, 12 renewable power services with a complete
capability of 385 MW and an funding of 180 billion tenge ($374
million) had been commissioned. This 12 months, 15 services with a complete
capability of 276 MW are anticipated to turn out to be operational.
Azerbaijan and Kazakhstan are actively engaged in a promising
challenge, engaged on laying a fiber-optic connection line on the
Caspian seabed. This initiative alone holds the potential to
considerably contribute to the event of digital
infrastructure for connectivity companies, establishing a digital
telecommunication corridor between Europe and Asia.
Azerbaijan’s present efforts for Europe are demonstrating the
best method to alleviate the escalating power disaster
within the area. The consensus supporting this notion and the
curiosity in collaboration with Azerbaijan proceed to rise. In this
regard, prospects for Central Asian economies to hitch any
initiatives carried out by Azerbaijan are solely vibrant.