The World Bank has unveiled its plans to support private investments in the development of Renewable Energy Sources (RES) and energy storage systems in Azerbaijan. This initiative aligns with the country’s strategy to expand its green energy potential and enhance energy security.
During a recent discussion, World Bank representatives emphasized the importance of integrating energy storage solutions to balance renewable energy generation and ensure a stable electricity supply. The project aims to create an investment-friendly environment by fostering regulatory improvements and providing technical assistance.
Azerbaijan has been actively working towards diversifying its energy sector by increasing the share of renewables. With significant solar and wind energy potential, the country continues to attract global interest in sustainable energy projects. The involvement of international financial institutions such as the World Bank plays a crucial role in accelerating the transition to a greener economy.
https://report.az/energetika/du-nya-banki-azerbaycanda-boem-ve-enerji-saxlanc-sistemlerine-o-zel-investisiyalarin-celb-edilmesi-planlarini-ac-iqlayib/