BAKU, Azerbaijan, July 16. We have received preliminary proposals for the construction of wind power plants in the Caspian Sea from several large companies, President of the Republic of Azerbaijan Ilham Aliyev said addressing the meeting dedicated to the results of six months of this year, Trend reports.
"I spoke about renewable energy in my opening remarks – we have tremendous potential. Contracts have already been signed and are being executed, new contracts are to be signed, memoranda have been signed. We have a huge source of energy in the form of the Caspian Sea. This is already being acknowledged by international experts. The wind of the Caspian Sea may sometimes create problems for us, but it actually cleans the air of Baku. When the Khazri blows, we are all happy that fresh air is coming into the city. This wind can also prove very useful. We have received preliminary proposals for the construction of wind power plants in the Caspian Sea from several large companies. These proposals are now being studied and analyzed by both the Ministry of Energy and the Ministry of Economy. Of course, we know that there is potential and we know that it is attractive to foreign investors. I should also note that there is already competition between large companies in this field, and this competition is quite serious. I don't want to name the companies now but the number of those interested in investing in this field is fairly large. Therefore, we will make the right choice. I mean I don't see a shortage of investments here," the head of state said.