BAKU, Azerbaijan, September 23. Azerbaijan has a huge potential in producing renewables, in terms of solar power, wind energy, and green hydrogen, Ambassador of Germany to Azerbaijan Ralf Horlemann told Trend.
He said this potential would be very interesting for the EU to tap into, in order to meet its CO2 emission reduction targets.
“As you well know, recently President of the EU Commission Mrs. von der Leyen was here [in Baku] to conclude the Memorandum of Understanding with Azerbaijan, highlighting exactly this situation. I would like to emphasize, because it is a very important issue for Germany, that we want to put the focus on renewable energy sources. Therefore, we see big potential for more cooperation with Azerbaijan. German companies, of course, with their technologies, the experience, can contribute a lot in this regard,” he said
Horlemann noted that there are many German companies active in the renewable energy sector, several of which visited Azerbaijan in June 2022.
“German companies are always looking for investment opportunities, and they are looking worldwide for the best conditions. We perceive a huge interest also in Azerbaijan, and we are happy about some recent investments related to the energy sector. For example, there is a joint venture between a German and an Azerbaijani company to produce aluminum - a big investment of 300 million euros,” he said.
According to the ambassador, the investment was made in Azerbaijan because of comparatively cheap renewable energy sources available here.
“This would open the door for Azerbaijan to the European market, which will import more and more sustainably developed products in the future, including green aluminum,” he added.
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