To date, 100 million dollars have been invested in renewable energy projects, President Ilham Aliyev said at the official opening ceremony of the 240 MW "Khizi-Absheron" Wind Power Plant, constructed by Saudi Arabia's ACWA Power.
"Today, by celebrating this remarkable event, we are both summarizing the work done and, most importantly, sharing our views on future plans. Let me say again that the creation of renewable energy in Azerbaijan is a large-scale project implemented by foreign investors. To date, 100 million dollars have been invested in these projects. I once again appreciate the activities of both foreign and local investors for this decision and encourage them again to invest in Azerbaijan. The state of Azerbaijan always protects foreign investment. Many of our oil contracts have been implemented for many years, and not a single paragraph, not a single article, not even a single word in the adopted decisions and contracts has been or ever will be changed. This is also a very important factor in attracting foreign investors to our country. Azerbaijan is a reliable state. Our word is as valuable and legal as our signature," the head of state said.
