Tuesday, 26 October 2021 08:52 GMT

Solar power plant in Eastern Zangazur will be so far major foreign direct investment project in liberated territories of Azerbaijan - Azerbaijani president


(MENAFN- Trend News Agency ) BAKU, Azerbaijan, Sept. 24

Trend:

Agreements have been signed with three major international energy companies to invest in the construction of three wind and solar power plants with total capacity of over 700 megawatts in the coming 3-4 years. One of these projects will be implemented in the Eastern Zangazur region liberated from Armenian occupation during the 44-day Patriotic War. This 240-megawatt solar power plant will be so far the major foreign direct investment project in the liberated territories of Azerbaijan, President of the Republic of Azerbaijan Ilham Aliyev said in a speech presented during the annual General Debate of the 76th session of the United Nations General Assembly at the level of heads of state and government, Trend reports.

"Currently the share of the renewables in the total energy capacity of our country is 17 percent. The target is to increase this number to 30 percent by 2030. Agreements have been signed with three major international energy companies to invest in the construction of three wind and solar power plants with total capacity of over 700 megawatts in the coming 3-4 years. One of these projects will be implemented in the Eastern Zangazur region liberated from Armenian occupation during the 44-day Patriotic War. This 240-megawatt solar power plant will be so far the major foreign direct investment project in the liberated territories of Azerbaijan. I invite other international energy companies to come and invest in green energy in the liberated Azerbaijani territories.

I announced the recently liberated Karabakh and Eastern Zangazur as Green Energy Zone. The liberated territories of Azerbaijan have the proven potential of 7200 megawatts of solar energy and 2000 megawatts of wind energy," the head of state said.

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