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.
BAKU, Azerbaijan, November 20. Azerbaijan''sMinistry of Energy signed a Memorandum of Understanding (MoU) onenergy storage with China Southern Power Grid International (HongKong) Co., Ltd. and Powerchina Huadong Engineering CorporationLimited at COP29 in Azerbaijan''s Baku, Trend reports via the ministry''s statement.
The MoU delineates collaboration in domains including pumpedhydro storage systems (PHS), battery energy storage systems (BESS),high-voltage direct current (HVDC) transmission systems, andfurther technologies for alternative energy transmission,distribution, and grid modernization. A steering committee and aworking group will be formed to improve coordination and supervisethe processes for effective implementation.
Before the signing ceremony, the Energy Minister ParvizShahbazov met with delegations from the companies, led by VicePresidents Fan Yalang, Liu Shaoquan, and Zhu Bo.
The meeting discussed the strategic partnership betweenAzerbaijan and China as well as prospects for cooperation inrenewable energy and energy storage technologies under thememorandum.
To note, the 29th session of the Conference of the Parties tothe UN Framework Convention on Climate Change (COP29), which willrun until November 22, opened at the Baku Olympic Stadium onNovember 11. It is the largest event organized by Azerbaijan todate, and the first time in the region that it is being held inAzerbaijan.
The main expectation from COP29 is to agree on a fair andambitious New Collective Quantitative Goal (NCQG) on climatefinance. The COP29 chairmanship has launched 14 initiatives thatinclude linkages between climate action and the SustainableDevelopment Goals, including green energy corridors, green energystorage, harmony for climate resilience, clean hydrogen, methanereduction in organic waste, action on green digital technologies,and other topics.
In addition to being a top priority that creates the conditionsfor action, creating climate finance will also help fulfill the1.5°C pledge by bringing everyone together.
The UN Framework Convention on Climate Change is an agreementsigned at the Rio Earth Summit in June 1992 to prevent dangeroushuman interference in the climate system. The acronym COP(Conference of Parties) stands for "Conference of Parties" and isthe highest legislative body overseeing the implementation of theFramework Convention on Climate Change.
A total of 198 countries are parties to the Convention. Unlessotherwise decided by the parties, COP is held annually. The firstCOP event was held in March 1995 in Berlin, and its secretariat islocated in Bonn.
As COP29 will unfold in Azerbaijan from 11 to 22 November this year, the focus on renewable energy and sustainability has never been more critical. One company at the forefront of this transformation is Sungrow, a global leader in PV inverters and energy storage solutions, which has been instrumental in driving Azerbaijan''s renewable energy ambitions.
In line with the country''s commitment to diversify its economy and reduce greenhouse gas emissions, Azerbaijan aims to increase its installed power capacity from renewable sources to 30% by 2030. Sungrow''s role in this mission is evident through its contributions to key projects like the 308 MWp solar plant, which came online in 2023.
Thompson Meng, Vice President of Sungrow PV & Storage BG, states, “Our efforts in Azerbaijan embody Sungrow''s commitment to providing innovative and scalable renewable energy solutions. As COP29 will take place in Azerbaijan, we are honored to support the nation''s path to a more sustainable future, perfectly aligned with global climate objectives.”
In 2023, Sungrow completed Azerbaijan''s first and largest utility-scale solar project, a 308 MWp plant that has now been operating for nearly a year. The plant generates an impressive 500 million kilowatt-hours of electricity annually, providing clean energy to more than 110,000 homes. This significant contribution supports Azerbaijan''s broader energy transition goals and showcases how large-scale renewable projects can make a tangible difference.
Through this project, Sungrow continues to solidify its presence in Azerbaijan, providing the country with a reliable and scalable renewable energy source while reinforcing its position as a key player in delivering advanced clean energy technologies.
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