Prospects of private investments in renewable energy in Azerbaijan discussed

Under the chairmanship of Azerbaijani Energy Minister Parviz Shahbazov, the next board meeting was held in the format of a video conference at the Ministry of Energy, Report informs referring to the ministry.

At the meeting, discussions were held on the results achieved in the field of using renewable energy sources in Azerbaijan, expansion of the use of renewable energy by attracting private as well as foreign investments, the upcoming priority tasks, as well as the work done in the first half of this year and the planned measures.

It was noted that appropriate measures are being taken to create a green energy space, to transform the liberated territories into a green energy zone, taking into account attracting private investments in the renewable energy sector, “Azerbaijan 2030: National priorities for socio-economic development.”

In accordance with the meeting agenda, a presentation on the status of implementation of projects implemented in the direction of development of the use of renewable energy sources in the country was made.

Information was given about the work done on the implementation of pilot projects in the field of the use of renewable energy sources. The next steps to be taken within the pilot projects signed with ACWA Power, Masdar, and BP were discussed.