- Given the large solar & wind energy projects currently being implemented, the rich potential of renewable energy sources on land - about 27,000 MW, and offshore - 157,000 MW, as well as plans to build two new lines that will ensure an increase in electricity exports to Europe, it can be said that Azerbaijan has great prospects to become a source of the green energy corridor
He stressed that companies from Germany can become important partners in bilateral long-term energy cooperation in this direction.
Stressing that Germany's trade with Azerbaijan increased by 57% last year, the minister spoke about the prospects for developing cooperation between the 2 countries in new areas.
Shahbazov noted that the end of the long-term conflict fully ensured security, which is one of the main prerequisites for the inflow of investments into the region.
In this regard, he stressed that the widespread use of renewable energy sources both in Karabakh and East Zangazur economic zones and in the country as a whole has been identified as one of the country’s national priorities.
- All this, along with the potential and goals of Azerbaijan related to green energy, the rich experience of German companies, as well as the combination of possible investment opportunities, can open a new page in energy cooperation
They noted that fruitful cooperation was established with the German Energy Agency-DENA to prepare four pilot project proposals to support the development of decentralized renewable energy in Azerbaijan.
To expand cooperation, German companies have been invited to participate in renewable energy projects.