BAKU, Azerbaijan, March 6. Switching Sangachal oil and gas terminal's operations to 'green energy' will result in a reduction of 260-300 kilotons of carbon dioxide emissions into the atmosphere, said bp's Senior Finance Manager for renewable energy sources (RES) for Azerbaijan, Georgia, and Türkiye Ayla Azizova, Trend reports.
"The Sangachal terminal currently operates seven gas turbines, unfortunately emitting carbon dioxide into the atmosphere. Through the implementation of our Shafag RES project, we've arranged an electricity swap with AzerEnerji. Consequently, these seven turbines will transition from gas to 'green energy', resulting in a significant reduction of carbon dioxide emissions by 260-300 kilotons," Azizova said.
She clarified to Trend that the collaboration with AzerEnerji is scheduled to commence following the final investment decision on the Shafag solar power plant (SPP) project, expected by the end of 2024.
The SPP project in Azerbaijan's Jabrayil district is distinctive
and pioneering. It will employ a business model termed the "Virtual
Power Transmission Mechanism" to attain an efficient technical and
commercial resolution. This approach enables the generation of
solar energy at the Shafag station in Jabrayil, transferring it to
the local grid. Simultaneously, an equivalent volume will be
received in the Garadagh district of Baku, housing the Sangachal
terminal, through a swap facilitated by AzerEnerji.
The Shafag Solar Power Plant (SPP) is set to have a capacity of 240
MW. Its establishment by the end of 2025 or the beginning of 2026
is intricately tied to the formation of a green energy zone in the
newly liberated territories of Azerbaijan. This aligns with the
nation's endeavors to advance the renewable energy sector, fulfill
its commitment to reducing carbon emissions by 35 percent by 2030,
and align with bp's strategy to transform into a zero-emission
company by 2050.
