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.
The minister noted that 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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