Azerbaijan is attractive for investors not only in traditional energy sources, but also in renewable energy.

Axar.az reports that the President of Azerbaijan Ilham Aliyev said these words in an interview to "Euronews" TV on June 21.

The head of state said that "Masdar" is our strategic partner in the field of renewable energy:

"In October of last year, we inaugurated the first solar power plant of 230 megawatts. Today, we held the groundbreaking ceremony of three solar and wind power plants with a total capacity of 1 gigawatt. This is only the beginning, because we plan to build 10 gigawatts in the medium term and 5 gigawatts by 2030. We plan to implement all contracts and memorandums of understanding covering up to

"You can see the Sun, our desire and including the wind. There is a good investment climate. It really shows that the country is now shifting its revenues from conventional energy to renewable energy. As a host country for COP29, we are at the forefront of the transition to green energy. it is our responsibility," the President stressed.