BAKU, Azerbaijan, June 5. Over the past few
years, Azerbaijan has been creating a legislative framework to
attract renewable energy investment, seeking to promptly settle all
obstacles, the country’s Deputy Energy Minister Orkhan Zeynalov
said, Trend
reports.
He made the remark during today’s panel discussions themed
“Unlocking Sustainable Energy: Green Energy Potential in the
Caspian Region” within the 29th Baku Energy Forum in
Azerbaijan.
He states that in order to make renewable energy projects more
appealing, the government is promoting the use of public-private
partnerships, offering tax incentives to investors in alternative
energy sources, and attracting private companies to oversee the
energy networks.
“Attracting investment in renewable energy in Azerbaijan is
important given its vast potential (157 GW offshore and 115 GW
onshore), and there is a global demand for green energy,” Zeynalov
explained.
Meanwhile,…
