Azerbaijan and the Chinese solar manufacturer Sichuan SunNC have unveiled plans to build a solar panel factory in the Alat Free Economic Zone, south of Baku.
The Azerbaijanan authorities work together with a manufacturer of solar cells and panels from the Chinese province of Sichuan to build an export-oriented PV module factory in a free economic zone near Baku.
Azerbaijani President Ilham Aliyev recently met Xie Yi, founder and chairman of Sichuan Sunnc Photovoltaic Technology Co., in Tianjin, China, to discuss the plan, according to a statement from the president’s office.
The project, south of the national capital of Azerbaijani on the Caspian sea coast, is designed to meet modern technological standards. The majority of his output will be exported, said the Azerbaijani government.
Xie reportedly said that the investment decision reflects the favorable business environment and strategic ties of Azerbaijan between Azerbaijan and China. The two parties have not announced any financial conditions.
The Russian news agency Interfax separately reported that the company will create one of the first large-scale solar production locations by Azerbaijan.
Yibin-based Sichuan SunnNC produces tunneloxide-passivated contact (topcon) solar cells and modules. It also offers integrated solar energy systems and solutions for energy storage for utility scale, commercial and residential projects.
In April, Azerbaijan signed three separate similarities with Chinese companies to develop solar projects, as part of a broader push in recent months to attract foreign investments and to expand the capacity of the renewable energy of the country. Officials said that the deals are intended to strengthen bilateral cooperation and to support the development of solar energy on utility scale.
In November 2024, Azerbaijan gave 100 MW new solar capacity in an auction, with the lowest offer that came in at € 0.0354 ($ 0.041)/kWh.
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