Baku: A memorandum of understanding has been signed between Azerbaijan and a Chinese company on the establishment of a ‘Green Energy Industrial Park’ within the framework of the 1st Azerbaijan International Investment Forum. The agreement aims to promote collaboration in the field of green energy.
According to Azeri-Press News Agency, the agreement was signed by Seymur Adig¶zalov, Chairman of the Board of the Agency for the Development of Economic Zones, and Yuanlong Jou, CEO of China Datang Overseas Investment Co. The memorandum outlines plans for the creation of an industrial park dedicated to green energy initiatives in Azerbaijan.
The initiative represents a significant step in fostering international cooperation between Azerbaijan and China in sustainable energy development. The establishment of the industrial park is expected to contribute to Azerbaijan’s energy diversification goals and support its commitment to sustainable development practices.