Bank Of Baku

President: Azerbaijan has ambitious plans in renewable energy sector

Frank-Walter Steinmeier, President of the Federal Republic of Germany and Ilham Aliyev, President of the Republic of Azerbaijan

© APA | Frank-Walter Steinmeier, President of the Federal Republic of Germany and Ilham Aliyev, President of the Republic of Azerbaijan

# 02 April 2025 12:18 (UTC +04:00)

“Azerbaijan has very ambitious programs and plans in the renewable energy sector, where German companies have extensive experience,” President Ilham Aliyev said during a joint press statement with German President Frank-Walter Steinmeier, APA reports.

"We intend to increase the production capacity of renewable energy sources to 6 gigawatts by 2030 through foreign investments, and this is entirely realistic. A portion of this will be exported to Europe," the head of state emphasized.

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