BAKU, Azerbaijan, October 27. Opportunities for
cooperation between Azerbaijani and Chinese companies in the fields
of renewable energy and energy storage systems have been
discussed.
This was reported by the Azerbaijan Renewable Energy Agency
(AREA) under the Ministry of Energy.
According to the information, Deputy Director of AREA, Fagan
Abdurahmanov, and Senior Advisor at the Agency, Habil Abdullayev,
participated in the "Connectivity Investment Conference on Energy
Storage," held in Beijing, China, from October 20 through October
22.
During the conference, discussions covered the economic
efficiency of energy storage systems, investment opportunities,
financing models, as well as relevant policies and regulatory
mechanisms. The event featured presentations on the development and
deployment of energy storage technologies, involving
representatives from Chinese companies and various other
countries.
During the "Developing Markets – Part 2" session held on October
22, Abdurahmanov delivered a presentation titled "Development of
renewable energy and BESS in Azerbaijan."
The presentation covered the development of renewable energy
sources in Azerbaijan, prospects for integrating Battery Energy
Storage Systems (BESS) into the country's energy system, and
opportunities for cooperation with international financial
institutions in this sector. Following the presentation,
participants' questions were addressed during a panel
discussion.
