Azerbaijan's Hydrogen Production Ambitions
A study has concluded that Azerbaijan has the potential to produce hydrogen at prices competitive with EU markets, thanks to its abundant offshore wind and solar resources, as well as access to depleted oil and gas fields.
The EBRD emphasized that with optimized renewable integration, Azerbaijan could produce hydrogen at prices competitive with EU markets - a critical condition for long-term export viability.
This development could significantly expand Azerbaijan's export markets, making it a key player in the global hydrogen market.
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Author's summary: Azerbaijan aims to produce hydrogen at EU-level prices.
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