BAKU, Azerbaijan, September 24. bp, Azerbaijan’s state oil company SOCAR and the Azerbaijan Investment Company (AIC) have signed an Accession Agreement which specifies SOCAR’s and AIC’s intention to enter the Sunrise project for construction of a solar power plant in Azerbaijan’s Jabrayil district this week, Trend reports.
Ambassador of the People's Republic of China to Azerbaijan Guo Min said in an exclusive interview with Trend this week that China wants to foster close cooperation with Azerbaijan in green energy development and energy storage in the future.
"China takes notice of Azerbaijan's green reforms and commends its commitment to ecologically sustainable development. China stands as one of the pioneer nations actively participating in renewable energy projects within Azerbaijan. Among the initial set of large-scale initiatives in the realm of new energy undertaken by Chinese firms, there is a 230 MW photovoltaic power plant and a 240 MW wind power facility. Remarkably, the photovoltaic plant's construction has been going on for just six months, poised to transform a 5.5 square kilometer area into an enduring source of prosperity. In the immediate future, the integration of the photovoltaic plant into the national power grid promises to positively reshape Azerbaijan's energy landscape," she stated.
Guo Min mentioned that concurrently, numerous Chinese companies are actively advancing investment projects in the clean energy sector, which are poised to deliver not only direct investments and state-of-the-art technologies to Azerbaijan but also bolster employment and expedite industrial growth.
"Furthermore, we are delighted to witness an increasing presence of Chinese vehicles, especially those utilizing alternative energy sources, in the Azerbaijani market, warmly received by local residents. China is committed to sustaining collaboration with Azerbaijan and exploring opportunities for engagement in the realms of green energy and electricity. Looking ahead, we aspire to forge a close partnership in the advancement of green energy, energy storage, peak load reduction, energy transmission and conversion, energy efficiency, emission reduction, and the popularization of alternative energy vehicles, alongside the development of supporting infrastructure, among other areas. Our objective is to catalyze the implementation of more projects and invigorate the joint Chinese-Azerbaijani efforts in the green 'One Belt, One Road' initiative," the ambassador added.
Besides, this week, the UK Archer international oil company has announced the closure of its "Archer Well Company International Ltd." representative office in Azerbaijan
