Azerbaijan, China sign MoU on renewable energy, storage technologies PHOTO

The Azerbaijani Ministry of Energy has signed a Memorandum of Understanding (MoU) on energy storage with Chinese firms China Southern Power Grid International (Hong Kong) Co. and Powerchina Huadong Engineering Corporation Limited during the COP29 summit.

The Ministry of Energy stated that the agreement focuses on collaboration in areas such as pumped hydroelectric storage systems (PHS), battery energy storage systems (BESS), and high-voltage direct current (HVDC) transmission systems, Caliber.Az reports.

It also covers advanced technologies for renewable energy transmission, distribution, and network digitalisation.

As part of the agreement, the parties will establish a Steering Committee and a Working Group to ensure the effective implementation of initiatives, enhance coordination, and monitor progress.

Energy Minister Parviz Shahbazov also met with representatives of the Chinese companies to discuss prospects for collaboration in renewable energy sources, energy storage technologies, and other related fields.

Meanwhile, on November 18, Azerbaijan's Energy Minister, Parviz Shahbazov, formalised a partnership in renewable energy with the Chinese electrical engineering firm TBEA Co., Ltd.

The agreement encompasses collaboration in several key areas, including the supply of ultra-high voltage direct current (DC) and alternating current (AC) products, the manufacture of advanced energy equipment, the development of a data centre, and involvement in regional green energy connectivity initiatives.

TBEA Co., Ltd., previously known as Tebian Electric Apparatus, is a leading Chinese manufacturer of power transformers and electrical equipment. It is also a key player in power transmission projects. Alongside its competitors Tianwei Baobian Electric (TWBB) and XD Group, TBEA is recognised as one of China’s largest producers of transformers.

By Aghakazim Guliyev