Azerbaijan has tremendous solar and wind energy potential, US Ambassador to Azerbaijan Earle Litzenberger said during a speech at ADA University within the Regional Energy Security Symposium, Report informs.
“New wind and solar projects demonstrate Azerbaijan’s commitment to diversifying its energy resources and its willingness to play an active role in the fight against climate change,” the ambassador said, adding that by growing its renewable energy potential, Azerbaijan can build upon its role as an important player in energy security in the region and beyond.
“The effect of the COVID-19 pandemic on global energy markets was unprecedented. Oil and gas demand plummeted to record lows last year. For hydrocarbon exporters and consumers alike, the pandemic has highlighted the importance of diversified energy markets and accelerated the push to adopt renewable technologies,” he said.