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Spanish Elecnor eyes increasing investments in Azerbaijani market

Oil&Gas Materials 29 November 2022 20:02 (UTC +04:00)
Spanish Elecnor eyes increasing investments in Azerbaijani market
Natavan Rzayeva
Natavan Rzayeva
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BAKU, Azerbaijan, November 29. Spanish Elecnor company eyes increasing investments in the Azerbaijani market, Virgilio Navarro Sanchez-Sicilia from the Project Development and Management Department at Elecnor, told Trend on November 29.

"We analyze the resources and potential in Azerbaijan for the renewable energy development, as well as plan thereupon to develop more projects here," he said.

He noted that Elecnor, Azerbaijan Investment Company OJSC, and Caspian Hydrogen Development Group (HDG) LLC signed a Memorandum of Understanding (MoU) on the Garadagh Wind Power Plant project in November 2022.

"The company is currently working on determining directions for further development of wind and solar energy in Azerbaijan," Sanchez-Sicilia added.

Elecnor is a global company present in more than 50 countries that develops and builds projects and services in the infrastructure, renewable energy and new technologies sectors.

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