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Baku Energy Forum - Development of renewable energy remains one of main goals of Azerbaijan – energy minister

Development of renewable energy remains one of main goals of Azerbaijan – energy minister

29.03.2022

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One of the main goals of Azerbaijan is the development of renewable energy sources (RES), Azerbaijani Energy Minister Parviz Shahbazov said at a round table within the framework of the international conference "Eighth Berlin Dialogue on Energy Transition", Trend reports with reference to the ministry.

The trade turnover between Azerbaijan and Germany increased by 57 percent in 2021 compared to 2020, the minister said.

He also emphasized the prospects for developing cooperation between the two countries in new areas.

"The cessation of the long-term conflict has fully ensured security, which is one of the main necessary conditions for the inflow of investments into the region. One of the national priorities of Azerbaijan is the widespread use of RES both in the liberated territories - in Azerbaijan’s Karabakh and East Zangezur economic regions and across the country as a whole," Shahbazov said.

According to him, despite Azerbaijan's rich oil and gas resources, one of its main goals is the development of the RES sector.

The sides also spoke about productive cooperation in the energy sector with VPC, Siemens, Berlin Wind and other German companies.

Participants of the conference also noted productive cooperation with the German energy agency DENA on the preparation of four pilot projects to support the development of the RES in Azerbaijan during the meeting.

German companies were invited to cooperate with Azerbaijan on renewable energy projects.


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