A Chinese company will begin construction of a solar panel manufacturing facility in the Alat Free Economic Zone (FEZ) within a few weeks, Valeh Alasgarov, chairman of the Governing Council of the Alat Free Economic Zone Authorized Body, said at the Technovation forum in Baku, Report informs.
According to him, the facility's initial total solar panel production capacity will be 3 gigawatts per year, gradually increasing to 10 GW.
"The next stage is planned to establish the production of blades and towers for wind turbines in the FEZ. Another very important issue is the organization of energy storage system production. Without energy storage systems, it will be very difficult to increase wind and solar energy production. No grid, not even in Azerbaijan, is ready to handle large volumes of solar or green wind energy. Therefore, our three main areas are: solar panel production, wind turbine component production (at least blades and towers), and energy storage system production in Azerbaijan. In this case, we will be able to increase green energy production without any restrictions," he added.
An Investment Agreement was signed on September 9 in Chengdu between the Alat Free Economic Zone Authority and one of China's leading high-tech companies, Sichuan Sunsync Photovoltaic Technology Co., Ltd., for the establishment of a solar panel production facility in the Alat Free Economic Zone.
