Azernews.Az

The Azerbaijani government and the World Bank (WB) have started a dialogue in order to develop the country's renewable energy resources, WB Baku Office told Trend news agency on Wednesday.

"The Azerbaijani leadership has repeatedly referred to this industry as a priority. There are initial contacts, but it is still difficult to talk about a specific project," the bank said.

The parties will come to a concrete decision on the matter by the end of the year, the government told Trend.

Azerbaijan is developing a strategy for the use of alternative and renewable energy sources in 2012-2020. Management of this strategy will enable the country to reach a 20 per cent threshold share of alternative energy by 2020 in the total energy consumption.

This figure amounted to 10 per cent in 2011 (9.8 per cent - hydropower, 0.2 per cent - other types of alternative energy sources).