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Minister: Azerbaijan to start to hold auctions on renewable energy sources
03.10.2019

News

Baku, Azerbaijan, Oct. 3

By Leman Zeynalova – Trend:

Azerbaijan will start to hold auctions on renewable energy sources by mid-2020, Azerbaijani Minister of Energy Parviz Shahbazov said.

Shahbazov made the remarks at a panel session entitled "Keeping energy ties in unstable world" within the Russian Energy Week forum, Trend reports on Oct. 3.

"As a supplier of both oil and gas, Azerbaijan is thoroughly working on development of renewable energy sources,” he said. “We have recently developed a new bill. It will be adopted by the end of this year.”

“By mid-next year we will start to hold auctions on renewable energy sources," Shahbazov added. “Therefore, I would like to use this opportunity and share this information with you. I would like to invite all of you to come to Azerbaijan and participate in these projects."