According to Moody’s, Baku’s initiatives are not merely symbolic, but they are backed by tangible infrastructure. The country is expected to invest $2.7 billion in renewable energy by 2027, aiming to lift the share of renewables in its installed capacity from current levels to 33.7% by 2027, with targets of 38% by 2030 and 42.5% by 2035. These targets significantly outpace many regional peers.
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