Azerbaijan may start making premium payments for power generated from the sun as it plans to build out 2,065 megawatts of solar capacity by 2020.
The country may start a feed-in tariff for solar plants of $0.17 per kilowatt-hour, according to an interview on the conference website CISOLAR-2015 with Jamil Malikov, deputy chairman of the nation’s State Agency on Alternative and Renewable Energy Sources.
Under its Strategic Plan of Renewable Energy Development, Azerbaijan will build solar plants totaling 2,065 of megawatts and wind farms of 1,512.5 megawatts, Malikov said.
“Development of renewable energy in Azerbaijan will reduce the use of gas in the domestic market and increase its export volumes,” Malikov said. As clean energy plants can be located near the users of the power, they will also cut the costs of upgrading networks and reduce the losses during electricity transmission, he said.
Bloomberg