German firms keen on collaborating in renewable vitality auctions in Azerbaijan – EQ Mag

German-Azerbaijani Chamber of Commerce is working to draw German firms within the discipline of renewable vitality sources to Azerbaijan, Executive Director of the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) Tobias Baumann informed Trend.

“A delegation on renewable vitality sources visited Azerbaijan final 12 months. We have a program of the Ministry of Economy and Climate Action, and it helps enterprise delegations on promising subjects, corresponding to the event of renewable vitality sources in Azerbaijan,” he mentioned.

“We know that Azerbaijan has a excessive potential within the discipline of renewable vitality. We see numerous curiosity within the German enterprise group on this sector. Moreover, our Chamber of Commerce organized a Forum on Economic Sustainability and held conferences within the B2B format. Our firms are learning the Azerbaijani market, its circumstances and authorized surroundings. We have 2-3 initiatives that we’re presently engaged on,” he added.

Baumann mentioned that the German aspect is negotiating with the Azerbaijani authorities to take part in auctions for renewable vitality.

“There are some facets that must be clarified, for instance, the worth. Azerbaijan has actually low shopper costs for electrical energy, which isn’t very enticing for giant German traders. I consider that cooperation initiatives can come from medium-sized firms,” he added.

“There are different potentialities which might be being mentioned immediately between German firms and the Azerbaijani aspect. If the public sale takes place, I believe there will likely be alternatives that may fulfill the pursuits of German bidders,” Tobias Baumann mentioned.

Source: PTI