As part of the visit to China by the Azerbaijani delegation led by Deputy Prime Minister and co-chair of the Azerbaijan–China Intergovernmental Trade and Economic Cooperation Commission Shahin Mustafayev, an Investment Agreement was signed in Chengdu on September 9 between the Alat Free Economic Zone (AFEZ) Authority and the Chinese high-tech company Sichuan Sunsync Photovoltaic Technology Co., Ltd. to establish a solar panel manufacturing facility in the Alat Free Economic Zone.

The agreement was signed by Valeh Alasgarov, Chairman of the AFEZ Authority Board, and Xie Yi, Founder and Chairman of Sichuan Sunsync Photovoltaic Technology Co., Ltd.

Under the agreement, the company will construct three modern production facilities on a 23-hectare industrial land plot within the AFEZ, which is equipped with the necessary infrastructure and communications. These facilities will produce solar panels with an annual capacity of 3 gigawatts (GW), as well as silicon crystals and components. The solar panels manufactured here will also be used in the construction of a solar power plant to be built by the company in the AFEZ. A large share of the products will be exported to global markets, further strengthening Azerbaijan’s position as a strategic hub for renewable energy production.

With assets totaling 1.7 billion US dollars, Sichuan Sunsync has rapidly become a leading company in solar panel manufacturing. During his business trip to China, President of Azerbaijan Ilham Aliyev met with the Chairman of Sichuan Sunsync to discuss the establishment of a facility in the Alat Free Economic Zone that would meet the most advanced technological standards for solar panel production.

 
Shahin Jafarov
Special Correspondent