BERLIN, Germany, April 26. German companies are willing to cooperate on renewable energy projects in Azerbaijan, said Chancellor of the Federal Republic of Germany Olaf Scholz during a joint press conference with President of the Republic of Azerbaijan Ilham Aliyev, Trend reports.
“Mr. President, your visit today is primarily focused on climate policy, and Azerbaijan has assumed the presidency of COP29, meaning it will be hosting this event. Important decisions were made in Dubai during COP28. Therefore, by 2030, renewable energy generation should triple, energy efficiency should double, and methane emissions should be reduced. I would also like to note that the plan to increase the share of wind, solar, and hydroelectric power in Azerbaijan's energy sector by 30 percent by 2030 is very encouraging news. Germany is aiming for 80 percent.
I believe that there is great potential in the region for cooperation in the fields of green and hydrogen energy, and German companies are interested in cooperating with Azerbaijan, mainly, as I mentioned, in the fields of hydrogen and renewable energy. Of course, there must be appropriate framework conditions for this,” he said.