(MENAFN- Trend News Agency)
BAKU, Azerbaijan, February 8. The
European Bank for Reconstruction and Development (EBRD) plans to
support a wind energy production project in Azerbaijan, said EBRD
Country Head for Azerbaijan, Kamola Makhmudova on the sidelines of
the event dedicated to the opening of the IT Hub Azerbaijan
project, trend reports.
'Green energy is a priority for Azerbaijan. The EBRD
cooperates very closely with the Ministries of Economy and Energy
and actively supports decarbonization programs in Azerbaijan, both
at the investment and political levels,' she said.
'Last year we signed the Masdar financing project,
which includes electricity production through solar energy, and
this year we also plan to support the project of a wind power plant
on the Absheron Peninsula,' Makhmudova explained.
Kamola Makhmudova noted that the EBRD is one of the
leaders in financing renewable energy.
Earlier, the EBRD and the Ministry of Energy of
Azerbaijan signed a memorandum of understanding aimed at developing
a low-carbon and climate-resilient energy sector in Azerbaijan in
accordance with the country's obligations under the Paris Agreement
[an international treaty on climate change].
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