President: ‘Investment of $310B in Azerbaijan`s economy in last 20 years is indicator of good investment climate in our country’

“In the last 20 years, more than $310 billion has been invested in Azerbaijan’s economy, around $200 billion of which is invested in the non-energy sector. This is an indicator of a good investment climate in our country,” said the President of Azerbaijan, Ilham Aliyev, as he addressed the 16th Summit of the Economic Cooperation Organization in Tashkent, Report informs.

“We note with appreciation that Azerbaijan has been chosen as a host country for the ECO Clean Energy Center.

“Particular focus is placed on the development of the renewable energy sector in Azerbaijan. In addition to its rich oil and gas reserves, Azerbaijan also has 37 gigawatts of onshore wind and solar power and 157 gigawatts of wind energy potential in the Azerbaijani sector of the Caspian Sea,” the head of state underlined.