Expected ROI of commercial energy storage project in Azerbaijan 2030

What is the power generation capacity of Azerbaijan?

The total power generation capacity of Azerbaijan is 8320.8 MW, the capacity of the power plants on renewable energy sources, including large HPPs is 1687.8 MW, which is 20.3 % of the total capacity.

How much energy will Azerbaijan have by 2020?

The 2016 Strategic Road Map for the development of utilities (electricity, heating, water and gas) in the Republic of Azerbaijan included a target to add 420 MW of renewable electricity capacity by 2020, comprising 350 MW of wind, 50 MW of solar and 20 MW of bioenergy.

What is the potential of wind energy in Azerbaijan?

According to preliminary analysis, the total technical potential of wind energy in the Azerbaijani part of the Caspian Sea was estimated at 157 GW (35 GW in shallow water basins and 122 GW in deep water basins).

How does Azerbaijan's Oil and gas sector affect economic growth?

Export revenue from oil and increasingly from gas as well has brought Azerbaijan significant wealth and raised the standard of living in the country. The dynamics of the country’s oil and gas sector substantially influence economic growth, through both industrial activity and consumer spending linked to employment and salaries.

How much natural gas is exported in Azerbaijan?

In recent years, almost 90% of oil and over 40% of natural gas have been exported. Azerbaijan’s domestic total energy supply (TES) relies on natural gas (68% in 2020) and oil (31% in 2020). Natural gas is used to generate most of the electricity and heat in the country (over 90% in 2020).

How can I export data from Azerbaijan?

Data is now available through the .Stat Data Explorer, which also allows users to export data in Excel and CSV formats. Azerbaijan’s economy is driven by the oil and gas sector, which accounts for some 90% of the country’s exports and between 30% and 50% of its GDP, depending on oil prices.