BAKU, Azerbaijan, Sept.23
By Leman Zeynalova – Trend:
Azerbaijan plans to create 1500 MW new generation capacity from renewables in three stages, Head of Azerbaijan Renewable Energy Agency under the Ministry of Energy Tabriz Ammayev told Trend.
“Azerbaijan aims to increase the share of renewables in its electricity production to 30 percent by 2030. For this purpose, we plan to create 1,500 MW new generation capacity from renewables in three stages. Currently, we continue working on that and plan to implement renewable energy projects in the medium and long term in accordance with the annual targets,” he said.
Ammayev noted that Azerbaijan works on launching new production capacities to use the potential of renewable energy sources by attracting private and foreign investments. “The Renewable Energy Agency works with international companies and is interested in expanding their list. In particular, we are strengthening cooperation with international organizations and financial institutions in order to use international practice in the sphere of renewables and to create a favorable investment climate.”
He pointed out that one of the important issues in the process of development of renewable energy sphere is the improvement of legislation and institutional environment. “The Agency took part in working out the relevant bills in this sphere. The adoption of those bills will give impetus to the development of this sphere and help create a legislative framework.”
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