Renewables have big potential, President Ilham Aliyev said during his speech at the opening ceremony of the 2026 Annual Meetings of the Islamic Development Bank Group.
"A contract signed already with international and local companies will provide us with eight gigawatts of solar and wind energy by 2032. This is the minimum. This is what has already been signed, not MOUs, but contracts, but it will be more. So now we are working on transmission lines, on how to export, because we will not need as much, as I said. So, transmission lines to those destinations which need energy, and this is primarily Europe, definitely, because everybody knows that they will need electrical energy for many, many years to come," he noted.
