Assessment of Solar Energy Potential and Its Ecological-Economic Efficiency: Azerbaijan Case

Mayis G. Gulaliyev, Elchin R. Mustafayev and Gulsura Y. Mehdiyeva
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Mayis G. Gulaliyev: Methodology and Econometric Issues of State Regulation of Economy Department, Institute of Economics of Azerbaijan National Academy of Sciences, Baku AZ1143, Azerbaijan
Elchin R. Mustafayev: Education for Foreign Students Department, The State Technical University, Baku AZ1073, Azerbaijan
Gulsura Y. Mehdiyeva: Education Department, The Institute of Economics of Azerbaijan National Academy of Sciences, Baku AZ1143, Azerbaijan
Authors registered in the RePEc Author Service: Mayis Gulaliyev Gulali

Sustainability, 2020, vol. 12, issue 3, 1-11

Abstract: The paper investigates resource, technical, economic and market potential of solar energy and its ecology and economic efficiency in Azerbaijan. The authors have distinguished six regions in the territory of Azerbaijan with different levels of solar radiation. The resource potential of the regions is calculated by the AutoCad program. As well, technical and economic potential was calculated by special methodology. The authors concluded that Azerbaijan has so much solar energy resource potential and it is possible to replace traditional carbon types of energy with solar energy, even by using the modern technical equipment. However, it is impossible because of economic disadvantages and very low electricity prices. The price of 1 kWh electricity from carbon fuels is several times cheaper than 1 kWh electricity from solar energy. That is why it is difficult to attract investments to develop solar power. There is a necessity to develop a new electricity price policy to stimulate attractiveness of solar power for households and industry.

Keywords: Solar energy; carbon energy; resource potential; technical potential; economic potential; market potential (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:3:p:1116-:d:316386

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