Azerbaijan is endowed with abundant wind energy, said Mahdi Al-Adel, CEO of Saudi Aramco Ventures, during a panel discussion at the Azerbaijan International Investment Forum, APA-Economics reports.
He noted that Azerbaijan has great opportunities for obtaining renewable energy: “From what I have heard, there are projects in this area. But when there is no sun and wind, this is not enough, so grid-scale energy storage seems to be a great opportunity. Technologies that allow us to reduce our carbon footprint are also among the areas in which we invest, and I think these investments can also be applied to Azerbaijan."