MVM Group is considering investment opportunities in solar energy in Azerbaijan, the CEO of Hungarian MVM Group Károly Mátrai told Trend on the sidelines of the event "Innovative paths to a greener future: Renewable Energy Sources and Emissions Reduction" taking place in Baku, Trend reports.
"First of all, our main goal is to find a partner in Azerbaijan that can support us in investing in the country's solar energy sector. However, wind farms could also be a very promising area for MVM. These are the two most important directions for MVM's potential investments," he said.
On August 30, 2024, MVM Group completed the acquisition of a 5 percent stake in the Shah Deniz gas field development project from Southern Gas Corridor CJSC and a 4 percent stake in South Caucasus Pipeline Company from Azerbaijan Gas Supply Company Limited (AGSC).
