Azerbaijan and Hungary are fostering strategic energy collaboration, which will soon be replenished with green initiatives, Deputy Energy Minister Kamal Abbasov said during the 10th meeting of the Azerbaijani-Hungarian intergovernmental commission held in Baku.
He mentioned that a meeting of the Azerbaijani-Hungarian working group was held yesterday, at which cooperation in the field of green energy was discussed.
According to Abbasov, Hungarian companies have been invited to participate in the auction for the construction of a solar energy facility (100 MW in one of Baku's districts), as well as have some other ideas.
"In addition, cooperation between the two countries has been established within the Solidarity Ring project, which envisages the transportation of additional volumes of Azerbaijani gas to Europe," the deputy added.
Azerbaijan aims to attain a renewable energy share exceeding 30 percent in its energy portfolio by 2030.
Currently, renewable energy sources in Azerbaijan produce eight percent of all electricity.
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