2026-4-18 00:11 |
Azerbaijan's renewable energy sector is experiencing significant growth, with wind and solar power production showing notable increases and contributing to the country’s broader sustainability and energy diversification goals.
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Azerbaijan’s State Oil Fund (SOFAZ) increased its gold reserves to about 185 tons, up roughly 46 percent from last year. trend.az »
2025-10-23 10:02
Azerbaijan’s car imports have surged this year, with nearly 75,000 vehicles entering the country, costing around $1.4 billion. trend.az »
2025-09-16 05:11
Azerbaijan's crude oil and petroleum product exports to the Czech Republic experienced a significant decrease in both value and volume during the first quarter of 2026, compared to the same period in the previous year.
Azerbaijan’s oil and petroleum product exports to Germany declined significantly in both volume and value compared to the previous year.
Azerbaijan’s oil exports to Romania fell in both value and volume in the first quarter, reflecting a broader global decline in the country’s petroleum shipments.
In the first quarter of 2026, Azerbaijan saw a decline in electricity production from thermal and hydropower plants. Thermal output dropped slightly, while hydropower saw a larger decrease. Overall, total electricity production was lower than the previous year.
Azerbaijan's trade performance in early 2026 reflects a decline in electricity exports and overall foreign trade, although the country maintains a positive trade balance due to a sharper drop in imports.
Azerbaijan's electricity production from renewable sources saw a strong contribution from hydropower, wind, and solar in the first quarter of 2026. Thermal plants remained the dominant source. Wind power experienced notable growth compared to the previous year.