A discussion on opportunities for developing cooperation in the field of renewable energy between Azerbaijan and Germany took place during the event.

Organized by the Export and Investment Promotion Agency - AZPROMO and the German Eastern Business Association, a high-level Germany-Azerbaijan business dialogue on the theme of "Green Transformation" was held as part of COP29. The event brought together representatives from nearly 40 companies across sectors such as renewable energy, food production and packaging, ICT and technology services, water management technologies, automotive industry solutions, and more.

In his opening remarks, Yusuf Abdullayev, Executive Director of AZPROMO, highlighted the economic and trade relations between Azerbaijan and Germany, including the activities of German companies in Azerbaijan. It was noted that following the German delegation's visit to Azerbaijan in February, successful negotiations were held with several German companies, leading to agreements in the industrial, green energy, and ICT sectors.

Michael Harms, Managing Director of the German Eastern Business Association, emphasized the importance of green transformation in the economy. He noted that Azerbaijan's potential in renewable energy and Germany's achievements in this area present broad prospects for joint initiatives.

Additionally, Orkhan Mammadov, Chairman of the Board of the Small and Medium Business Development Agency (KOBIA), and Bit Baron, Head of the Industrial Policy Department at Germany's Federal Ministry for Economic Affairs and Climate Action (BMWK), delivered speeches at the event.

The dialogue continued with discussions on expanding partnerships in the alternative energy sector between Azerbaijan and Germany, addressing questions of interest to entrepreneurs.