Last year's investments in the development of alternative energy amounted to 63.6 million manat. Of these, 34.9 million was the proportion of solar energy and 28.7 million – of wind energy. Overall, since 2000, the local industry has been invested about 800 million AZN, Deputy Head of the State Agency for Alternative and Renewable Energy Sources Jamil Melikov told reporters at the Fourth International Conference and Exhibition CISOLAR-2015 held in Baku.
According to him, the potential of renewable energy sources in Azerbaijan is the highest in the region. Solar energy potential exceeds 5,000 megawatts, wind power - 4,500 megawatts, biological energy - 1,500 megawatts, and geothermal energy - 1800 megawatts. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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