ECONOMY


ABOEMDA Deputy Chairman: AZN 1 billion will be invested in alternative and renewable energy sources in Azerbaijan

Baku, October 19, AZERTAC

By 2020, the share of alternative and renewable energy sources in total energy balance is expected to reach 20 percent. Azerbaijan's energy potential in this area is estimated at 420 megawatts and about AZN 1 billion will be invested in this area, said Deputy chairman of the State Agency for Renewable & Alternative Energy of Azerbaijan (ABOEMDA) Jamil Malikov at the International event on “New opportunities for alternative and renewable energy development in Azerbaijan - "Hard Talk".

Jamil Malikov stated that Azerbaijan pays special attention to the alternative and renewable energy sector. In 2014, the State Program was adopted in this area.

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