- On December 18, 2018, the Ministry of Energy of the Republic of Azerbaijan and bp Azerbaijan signed a Memorandum of Understanding to jointly explore potential opportunities for the development of renewable energy in Azerbaijan.
- The memorandum was signed in the context of the statement of the Government of Azerbaijan on developing a regulatory framework for renewable energy sources in the country.
- This document will help explore the potential for developing the country's renewable energy sector, creating renewable energy legislation and market for the renewable energy sector, and ultimately developing clean energy.
