Iran is seeking to attract foreign and domestic investors in the renewable energy sector as the power consumption in industries grows, Managing Director of Mehrabad Renewable Energy Company told Trend in an interview.

Former ISESCO Director General Abdulaziz Altwaijri has urged the world switching to renewable energy sources as soon as possible, local media reported on November 5.

Azerbaijan and the World Bank have discussed cooperation prospects in the fields of renewable energy sources and energy efficiency, the Energy Ministry reported on November 3.

Turkey will increase the share of renewable sources in energy production starting from 2022, Yeni Shafak has reported.

The development of renewable energy is included in national priorities of Azerbaijan, Energy Minister Parviz Shahbazov said, Trend reports.

The permanent rise in world prices for traditional energy sources dictates the need to use them rationally.

Azerbaijan’s Energy Minister Parviz Shahbazov has said that the goal of Azerbaijan, which is an exporter of traditional energy resources, is to bring the share of renewable energy in the total installed capacity of electricity to 30 percent by 2030.

Turkey’s Kalyon Solar Technologies Factory produced one million solar panels in 2021, Turkish media reported on August 21.

Azerbaijan may hold first renewable energy auctions at the end of 2021 or early 2022, the country’s energy ministry told Trend.

Renewable energy in the world and in Azerbaijan will not necessarily have a positive economic impact, Brenda Shaffer, a faculty member of the US Naval Postgraduate School told Trend.