“Concerning foreign investments, of course, investments in fossil fuel projects will continue. Because there is a big potential in Azerbaijan concerning resources and a big demand for Azerbaijani gas in Europe. It is a growing demand, but very remarkable development is related to renewable sources of energy".

Axar.az reports that President of Azerbaijan Ilham Aliyev expressed this opinion in an interview with "Euronews" television.

“I think, this will be the main direction of direct foreign investments. We already inaugurated last month the 230 MW solar power plant, the biggest in the region, fully invested by foreign investors. Up to 10 gigawatts of solar and wind power generation is planned to be implemented within the next five-six years. I think these will be the main areas of investments along with our agenda on digital transformation,” the head of state pointed out.