BAKU, Azerbaijan, January 23. Latvia’s Chamber
of Commerce and Industry (LCCI) is discussing prospects for
cooperation with Azerbaijan in the field of green energy, LCCI
Director of the European Union (EU) Projects Department, Līga
Sičeva, said in an interview with Trend.
"Latvia has developed strong expertise in areas such as
renewable energy, energy efficiency, sustainable construction, and
circular economy solutions. This experience could become
increasingly relevant for Azerbaijan as the country advances its
energy transition, seeks to diversify its energy mix, and aims to
improve efficiency across industry and urban infrastructure," she
said.
According to Sičeva, from the LCCI’s perspective, cooperation in
this area is most effective when it is built around concrete needs
and practical applications, including pilot projects, technology
transfer, and knowledge exchange.
She added that Latvian solutions can generate added value in
areas such as smart energy management, energy-efficient buildings,
and environmental technologies, supporting Azerbaijan’s sustainable
development goals while also fostering mutually beneficial
long-term cooperation.
"Based on existing experience, it is crucial to consider the
readiness of the local ecosystem when discussing cooperation in
green technologies, including the availability of supporting
services, the regulatory framework, and the operational capacity to
implement specific solutions," Sičeva said.
Līga Sičeva pointed out that while companies from Latvia and the
Central Baltic region are often well prepared for cooperation and
can offer advanced technologies, differences in market structures
and implementation conditions may pose certain challenges,
particularly in sectors such as construction, water management, and
waste processing.
"Price competitiveness also plays a crucial role, as markets are
increasingly shaped by alternative solutions from other regions,
including suppliers from China and Türkiye that operate at
different cost levels. A careful assessment of market conditions,
combined with pilot partnerships, can help identify options that
strike the right balance between technical reliability and economic
efficiency," she noted.
Sičeva emphasized that there is a clear readiness and openness
on both sides to cooperate in green technologies.
"By identifying shared priorities, suitable market entry points,
and the right partners, cooperation can be built in a practical and
mutually beneficial way. A focused, phased approach that brings
together technology providers, local partners, and public
institutions will help ensure that green solutions are adapted to
local needs and deliver sustainable results in the long term," she
stressed.
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