Azerbaijan, China discuss prospects for cooperation in utilization of solar energy in liberated territories

Baku, May 16, AZERTAC
Azerbaijan’s Minister of Economy Mikayil Jabbarov met Thursday with Chairman of China Energy International Group Co., Ltd. Lyu Zexiang.
During the meeting, the sides hailed the successful development of cooperation between Azerbaijan and the People's Republic of China. Noting that Azerbaijan attaches great importance to mutual relations, Minister Mikayil Jabbarov mentioned that the 6th Trade House of Azerbaijan started to operate in China. Jabbarov also praised the successful development of investment cooperation with the Chinese companies operating in Azerbaijan.
Minister Jabbarov provided insight into Azerbaijan’s favorable business and investment environment, as well as privileges applied in the liberated territories. The minister highlighted the rich renewable energy potential of the country, the acceleration of the green energy transition, and the work done regarding the application of renewable energy technologies.
The sides discussed the prospects for cooperation with international companies with advanced experience in the field of green energy, as well as potential projects in this field.
The parties also exchanged views on opportunities for manufacturing green hydrogen and ammonia in Azerbaijan, as well as explored prospects for cooperation in the utilization of solar energy in the liberated territories. They expressed confidence that the future collaboration would be mutually beneficial for both parties.

Economy 2024-05-16 16:09:00