Azerbaijan interested in attracting investors to energy sector

JUNE 23, 2022

"Azerbaijan is interested in attracting investors and consulting services to the energy sector," Azerbaijani Deputy Minister of Energy Elnur Soltanov said at the German-Azerbaijani Sustainability Forum on “Renewable Energy in Azerbaijan”, Report informs.

According to him, currently, the development in Azerbaijan is regulated based on a special plan, which includes plans and goals until 2030. One of the five goals included in the plan is to develop a green environment in the country.

The Deputy Minister said that Azerbaijan is actively working to develop alternative and renewable energy sources.

Soltanov stressed that work is underway to create a green energy zone in the liberated territories, and there are a lot of opportunities for this: "Karabakh has great resources for the development of solar energy. We plan to use water resources in the liberated areas to generate electricity and build 18 small hydropower plants here."