Azerbaijan, Germany Mull Cooperation In Renewable Energy Sector
Date
6/26/2022 2:06:42 AM
(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan and Germany have discussed the cooperation in the
renewable energy sector, Azernews reports, citing the Energy
Ministry.
The discussion took place during the roundtable on investments
and projects in the renewable energy sector organized by the
German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) and RENAC
AG. Azerbaijan's Deputy Energy Minister Elnur Soltanov and the
delegation of German companies visiting Azerbaijan participated in
the roundtable.
During the event, representatives of German companies were
briefed on renewable energy potential in Azerbaijan, work done on
the development of this field in the country, next targets and
investment opportunities. The measures to be taken to establish a
green energy zone in the liberated territories were brought to the
attention.
Moreover, the questions of companies interested in investing in
the projects were answered and the sides exchanged views on the
prospects for future cooperation in the field of renewable
energy.
It should be noted that Azerbaijan's renewable energy sources
capacity, including hydropower, amounts to 1,312 MW.
Azerbaijan and Germany established diplomatic relations on
February 20, 1992. On September 2, 1992, Azerbaijan opened its
first embassy in Western Europe, in Germany, while on September 22,
1992, Germany established its embassy in Azerbaijan. The two
countries are successfully cooperating in various fields of
economy. Azerbaijan is the main economic and trade partner of
Germany in the South Caucasus.
The trade turnover between Azerbaijan and Germany amounted to
$1.2 billion in 2021.
--
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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@AzerNewsAz
- Tags:
- Azerbaijan
- Germany
- renewable energy
- Azerbaijan's Energy Ministry
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