11:39 - 12.02.2025

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February 12, Fineko/abc.az. I think this is the responsibility of countries with fossil fuels, that they need to use their revenues from fossil fuels to invest in green technologies and green energy. That's exactly what we are doing. We have provided good investment opportunities for investors.

ABC.AZ informs that President Ilham Aliyev said about this in an interview for China’s CGTN (China Global Television Network).

“Our immediate target by 2027 is to have two gigawatts of solar and wind electricity, and by 2030, six gigawatts, which will be kind of a revolution in the energy mix in Azerbaijan. I'd also like to say that the investors - foreign companies - which are investing in these projects, including local companies from Azerbaijan, use Chinese technology. Solar panels are produced in China. Now, our team is working on storage capacity, and we have found that the best batteries are in China. So, I can only congratulate Chinese producers on this tremendous success because of its quality and price. No one can compete,» the head of state said.