" Acwa Power" to invest around 5 bln USD in Azerbaijan

Baku, June 5, AZERTAC
"Acwa Power" will invest about 5 billion dollars in Azerbaijan,” said Geo Head Central Asia at “Acwa Power" Abid Malik as he addressed the panel discussions on “Sustainable Energy: Green Energy Potential in the Caspian Region” held on the sidelines of the Baku Energy Forum.
Abid Malik noted that the investment will be made mainly in the field of renewable energy.
“As "Acwa Power", we have been operating in Azerbaijan for quite some time. The country has enormous potential in renewable energy. So, in addition to being a politically stable region, taking into account the advantages of transit routes and corridors, Azerbaijan is very convenient and is a target country for us. At the same time, we maintain cooperation with SOCAR. Developing green energy in partnership with Azerbaijan is one of our key targets. There are several steps that need to be fulfilled," he added.

Economy 2024-06-05 21:07:00