BAKU, Azerbaijan, September 7. Azerbaijan's
energy transition has great opportunities for German companies,
Executive Director of the German-Azerbaijani Chamber of Commerce
(AHK Azerbaijan), Nargis Wieck, said during a discussion within the
framework of the Baku Climate Action Week 2026 (BCAW 2026),
Trend's
correspondent reports from the event.


According to her, the participation of German companies in
Azerbaijan's energy transition can cover mainly two directions:
bringing technology and equipment to Azerbaijan, as well as
attracting German investments to the country.


"Our main goal is to promote and support German companies in
Azerbaijan. In terms of energy transition, we are talking about
exporting technology and equipment for this sector, as well as
attracting German investments to Azerbaijan," Wieck explained.


She noted that before talking about the obstacles in the market,
it is necessary to pay attention to the opportunities.


"I would like to take a more positive approach. Although there
are obstacles, there are also opportunities. First of all, as AHK,
we must do our job. We must inform the German business community in
more detail about the processes taking place in Azerbaijan and the
region," the executive director stressed.


According to Wieck, there is a certain information gap in
Germany regarding the processes taking place in the Caspian region,
as well as in the field of connection with Central Asia.


"There is a lot happening in the region right now. That is why
we, as AHK, are creating clusters by sector. We pay special
attention to areas where we see the greatest opportunities for
German companies. One of these areas is the energy transition," she
said.


The head of AHK Azerbaijan pointed out that Germany has decades
of experience in the field of energy transition.


"In Germany, we understand the energy transition as a bottom-up
process, not a top-down one. This process starts with awareness,
education, and people who are part of the transition. I think this
is also very important for Azerbaijan," Wieck noted.


She recalled that during the COVID-19 pandemic, consulting
services were provided in Azerbaijan on the use of renewable energy
in decentralized heat and power generation.


"It was a very interesting experience. At that time, we were
talking about market mechanisms. Now, when we look at Azerbaijan,
we see how many processes are going on here. I am proud to have
partners like Elmir Musayev and SOCAR Green, who actively
contribute to the energy transition in Azerbaijan," she added.


Wieck mentioned that one of the main issues for foreign
investors is the financial justification of investments and risk
assessment.







"Investments in energy transition are long-term projects. Many
issues need to be taken care of here. First of all, market
transparency is important. Everyone should understand what the
strategy and national concept of energy transition are," she
said.


According to her, the possibility of financing projects and the
correct assessment of risks are also important for investors.


"We need to determine how we can assess the financial risks of
investors. We also need to demonstrate exemplary projects. We
currently have a privately funded project with the Azerbaijan
Renewable Energy Agency (AREA), and we need to present such
projects to our partners in Germany," Wieck underscored.


The executive director of AHK Azerbaijan further said that
standardization and certification are also important in the energy
transition.


"Standards and certification are also necessary. It is also very
important to have reliable local partners. I want to connect this
with the activities of AHK. We need to create platforms where
financial institutions, state institutions, and other partners can
discuss specific projects," Wieck concluded.


The fourth Climate Week (CW4) of the UN Framework Convention on
Climate Change is being held in Baku through September 11, hosted
by the Republic of Azerbaijan and organized by the Azerbaijani
Ministry of Foreign Affairs.


Baku, which has become an important international platform for
the climate agenda, is hosting discussions on the practical
implementation of climate decisions, the expansion of international
cooperation, and further strengthening global climate action ahead
of COP31.


Representatives of governments and international organizations,
experts, financial institutions, the private sector, and civil
society from various countries are expected to attend the
events.


Baku Climate Week is designed as an international platform for
discussions on combating climate change, the energy transition,
renewable energy, sustainable development, and accelerating climate
action.


The events will further strengthen Baku’s active role in the
global climate agenda and make an important contribution to
strengthening international climate cooperation ahead of COP31.