At the event, it was announced that the number of members of the chamber had increased by 21 companies and reached 194.Executive Director of Azerbaijan Nargis Wieck, in turn, emphasized the chamber's commitment to promoting bilateral projects and strategic partnerships that contribute to economic growth in both Azerbaijan and Germany.

"It is important to strengthen economic ties between our countries. In this context, it is especially worth emphasizing the growing role of Azerbaijan in Europe's energy transformation towards a green economy. I urge German companies to participate more actively in the development of this cooperation," the diplomat noted.

Azerbaijan's role in Europe's green energy transformation is becoming increasingly important, German Ambassador to Azerbaijan Ralf Horlemann said at a meeting of the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan), according to EDnews.

According to Azerbaijan's energy plans, the country plans to build eight industrial solar and wind power plants with a total installed capacity of about 2 GW by 2027. The volume of investments in these projects is estimated at $2.8 billion, which will be attracted from both foreign and domestic sources.

The implementation of the projects will allow for the annual generation of about 5.3 billion kWh of green energy, increase the share of renewable sources in the energy system to 32.6%, save 1.2 billion cubic meters of gas per year and reduce greenhouse gas emissions by 2.5 million tons.

Madina Mammadova\\EDnews