German government allocates €130m for development of wind and solar power stations in Azerbaijan

Baku, October 19, AZERTAC

German KfW Bank has allocated €130 mln for the development of wind and solar power stations in Azerbaijan, Deputy Chairman of the State Agency on Alternative and Renewable Energy Sources of Azerbaijan Jamil Malikov told journalists.

“The preparation of feasibility study documents has already been completed. The German government allocated €130 mln for this purpose. But the execution of this allocation requires

special conditions and tariffs, including the Azerbaijani government`s intention and need,” Malikov added.

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