One of China's leading high-tech companies, Sichuan Sunsync Photovoltaic Technology Co., Ltd., will develop three modern manufacturing facilities on a 23-hectare ready-to-use industrial land plot equipped with necessary infrastructure and utilities in the Alat Free Economic Zone.
Within the framework of the visit of the Azerbaijani delegation to China, led by Deputy Prime Minister and Co-Chair of the Azerbaijan-China Intergovernmental Commission Shahin Mustafayev, 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.
The facilities will produce solar panels with an annual production capacity of 3 gigawatts (GW), as well as silicon crystals and components. The solar panels manufactured at the facilities will also be used in the construction of a Solar Power Plant by the company within the Alat Free Economic Zone.
A substantial share of the manufactured products will be exported to global markets, further reinforcing Azerbaijan"s position as a strategic hub for renewable energy production.
