- supporting the production of electricity in the territory of renewable energy sources through the application of guaranteed tariffs and other means;
- active consumer support;
- support for scientific research;
- mechanisms provided for in the Tax Code of the Republic of Azerbaijan and the Law of the Republic of Azerbaijan on Customs Tariffs.
The law also means the establishment of atlas of the renewable energy sources which defines the territories with renewable energy potential. Design, construction and installation of new power plants are highly supported in such territories. The producer of the power plant is obliged to use advanced technology in the use of renewable energy sources in production of electricity. This law will promote the production of electricity from renewable energy sources and will help such sources to be more accessible for consumers.
This article was prepared as general information by the attorneys of Baku Attorneys & Consultants (BAC), Azerbaijani law firm. BAC is a full service law firm based in Baku and it has a strong team of highly experienced attorneys and consultants, specialized in rendering various expert services to foreign and local clients in Azerbaijan. Please, feel free to reach us via www.batco.az to further discuss your case.