Azerbaijan to attract foreign investment in the amount of $ 500 million in the renewable energy sector

In the coming months, within the framework of various projects, Azerbaijan will attract foreign investment in the amount of $ 500 million in the renewable energy sector.

Energy Minister of Azerbaijan Parviz Shahbazov said this during the CAREC Energy Investment Forum.

The minister noted that the total capacity of these projects in the field of solar and wind energy will be 470 MW. In addition, Shahbazov said that an Energy Efficiency Improvement Fund will be created in Azerbaijan in the near future.