This article investigates the primary impediments to investing in Azerbaijan's renewable
energy sector, highlighting the challenges and opportunities associated with transitioning
to sustainable energy sources. Despite Azerbaijan's significant renewable energy potential,
particularly in hydroelectric, wind, and solar power, the sector's development is
hindered by financial, institutional, regulatory, technical, and informational barriers.
The research underscores the limited impact of renewables on the country's energy
mix, driven by inadequate policy implementation and fluctuating investment levels.
It calls for comprehensive legislative reforms, strategic foreign investments, and
the adoption of new technologies to overcome these obstacles. The article also discusses
Azerbaijan's efforts to showcase its renewable energy initiatives at COP29, emphasizing
the importance of international cooperation in achieving the country's ambitious energy
goals. By addressing the identified challenges, Azerbaijan could accelerate its transition
to a sustainable energy future, contributing significantly to global climate objectives.