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Foreign investors can be driving force in Azerbaijan’s renewable energy projects


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There’s also a possibility to achieve a higher figure of approximately 10,000 megawatts based on protocols of intent. These goals will be achieved through foreign investment and the implementation of projects by foreign investors. Additionally, the president mentioned that Azerbaijan is already at the forefront of renewable energy and that the International Finance Corporation has identified wind potential at the level of 157,000 megawatts, indicating the country’s substantial renewable energy resources.