Within the framework of COP29, the "Azerbaijan Investment Company" OJSC (AIC) has signed several agreements aimed at advancing projects that contribute to the development of the green economy. These agreements, made in partnership with international stakeholders, are designed to foster sustainable development and innovation in Azerbaijan.

A Memorandum of Understanding was signed with the UAE’s "Volts", an indirect affiliate of "Masdar". This agreement will support the establishment of a production facility for energy storage batteries in Azerbaijan. 

“Caspian Energy Media” reports with the reference to Ministry of Economy.