BAKU, Azerbaijan, April 10. The Asian
Development Bank (ADB) considers the possibility of implementing
green energy projects in Azerbaijan, ADB Country Director for
Azerbaijan, Sunniya Durrani-Jamal, said at the presentation of the
Asian Development Outlook 2026 review in Baku, Trend reports.
"Europe is also showing great interest in reducing its
dependence on hydrocarbons and, accordingly, is more actively
considering the development of renewable energy. Meanwhile,
Azerbaijan is also investing significantly in solar energy. We have
implemented three major projects jointly with the Ministry of
Energy, including through private sector transactions. In the
future, from an energy security perspective, we are also
considering the development of wind energy, which has significant
potential," she noted.
Furthermore, Durrani-Jamal noted that, along with traditional
fossil fuels, the country has significant potential in renewable
energy, which the government is actively exploring and
developing.
"In terms of European energy security and Azerbaijan's position,
the country is in a fairly good position, but this will require
investment. And we, in turn, are ready to support the government in
this direction," she emphasized.
