12:34 - 27.01.2021

---

January 27, Fineko/abc.az. The long-term energy sector strategy for the period up to 2050 (the Energy Ministry has drafted its initial version) is based precisely on the development model oriented to private investments.

ABC.AZ reports that this is stated in the joint statement of the Ministries of Economy and of Energy.

"Azerbaijan is a country with rich resources of renewable energy sources. To ensure the efficient use of the potential of solar and wind energy, the goal is to increase the share of renewable energy sources in electricity generation up to 30% by 2030. In this regard, it is planned to put into operation a new capacity of about 1,500 MW by 2030. The realization of this task is expected at the expense of private investments," the statement says.