The European Union Delegation to Azerbaijan has welcomed the recent decree of President Ilham Aliyev on the preparation of National Strategy on the Use of Renewable Energy Sources for 2012-20.
\"Besides oil and gas, Azerbaijan has a great potential for green energies like solar, wind, hydro, geothermal and biomass. The swift preparation of the appropriate legislative framework, as instructed by President Ilham Aliyev, will stimulate the development of this emerging sector, bring benefits to Azerbaijan’s economy and contribute to reaching the global goals of combating climate change. The framework should also enhance the environment for potential investors; EU companies are world leaders in renewable energies and stand ready to share their technologies and experience in this area. The decree reinforces the already existing cooperation between Azerbaijan and the EU on renewable energy through budget support, and we hope to see a similar initiative for the no less important area of energy efficiency,’’ said Ambassador Roland Kobia, the Head of the EU Delegation to Azerbaijan.
The EU allocated 14 million euro for the development of a legislative and regulatory framework on renewable energy sources and energy efficiency in Azerbaijan - the first fixed tranche was disbursed in 2010 and the second one in December 2011.
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