On 29 April 2022, the Energy Transition Working Group of AHK Azerbaijan launched its activities with a kick-off meeting. The meeting was attended by more than 20 company representatives.

Opening the meeting, Tobias Baumann welcomed the participants, introduced Dr Michael Hilmer, Chairperson of the Energy Transition Working Group and delved into the energy prospects for Azerbaijan and their implications for regional energy security. Dr Michael Hilmer, in his speech, talked about the local alternative and renewable energy sources, expanded on the investment climate in the energy sector and went through the crucial topics pointed out by the member companies in the brief survey on the establishment of the Energy Transition Working Group.

The meeting continued with a round of introductions and a session on gathering ideas from the participants, which Dr Michael Hilmer moderated. During the meeting, it was agreed that the Energy Transition Working Group would focus on addressing key challenges in the regulation of the local energy market, renewable and alternative energy generation capacities, tendering process and funding opportunities.