BAKU, Azerbaijan, June 5. Limiting the facility
system is a matter that has a number of options, Vice President of
the State Oil Firm of Azerbaijan (SOCAR) Afgan Isayev mentioned,
Pattern
experiences.
He made the comment throughout immediately’s panel discussions themed
“Unlocking Sustainable Vitality: Inexperienced Vitality Potential within the
Caspian Area” throughout the twenty ninth Baku Vitality Discussion board in
Azerbaijan.
“SOCAR is among the key elements in creating the technique for
increasing our attain. It is crucial for us to proceed these
efforts. Are we going through challenges? Sure, we’re confronted with
severe challenges, and that is evident not solely right here in Azerbaijan
however worldwide. One of many principal points within the accelerated adoption
of renewable vitality sources is the restrictions of the vitality
system,” he emphasised.
In line with him, this downside can be evident within the US, the
UK, and the EU.
“There are a number of approaches to fixing this concern. The primary
is the set up of Battery Vitality Storage Methods (BESS). At
current, the present worth is sort of excessive, however we anticipate that as
expertise continues to progress, prices will lower
considerably, resulting in a quicker adoption of BESS. The second
possibility is including spinning reserves or extra baseload capability.
The third possibility is to mix each approaches.
We’re grateful to the federal government and the Ministry of Vitality for
their efforts to modernize our grid, aimed toward a sustainable vitality
future,” he added.
To notice, over 600 delegates are collaborating within the discussion board,
which started on June 5, representing a various vary of nations
together with Australia, Austria, Belarus, Belgium, Bulgaria, China,
the Czech Republic, Finland, France, Georgia, Hungary, India,
Israel, Italy, Japan, Kazakhstan, Latvia, Monaco, the Netherlands,
Norway, UAE, Qatar, Romania, Russia, Saudi Arabia, Slovenia,
Sweden, Switzerland, Ukraine, the UK, the US, and Uzbekistan. This
yr’s discussion board boasts a file variety of audio system, totaling 81.
The Discussion board’s agenda will handle vitality problems with significance
for Azerbaijan and the broader Caspian area, focusing primarily
on issues and financing associated to vitality safety, vitality
transition, and inexperienced vitality initiatives.
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