[Azerbaijan signs agreement with ACWA Power for offshore wind and BESS projects]Within the framework of the 9th Ministerial Meeting of the Southern Gas Corridor Advisory Committee and the 1st Ministerial Meeting of the Green Energy Advisory Committee, the Implementation Agreement on Offshore Wind Power Projects in the Republic of Azerbaijan with a capacity of up to 1.5 GW, between the Ministry of Energy on Azerbaijan An agreement on the implementation of onshore wind power projects with a capacity of up to 1GW in the Republic, and a memorandum of understanding on the development of battery energy storage systems in the Republic of Azerbaijan and ACWA Power of the Kingdom of Saudi Arabia were signed. Editor/Xing Wentao
Colin Electric and Intelligent Communication Technology Co., Ltd. recently signed a strategic cooperation and mutual procurement framework agreement in Colin Industrial Park, Shijiazhuang. Both parties announced that they will carry out in-depth cooperation around AI high-precision sensing products, charging piles, and new energy products, integrate their respective technology and market advantages, and jointly explore the global new energy market. Liu Guojun, General Manager of Colin Electric's Intelligent Electricity Business Unit, and Zhang Dong, General Manager of the New Energy Business Unit, attended the signing ceremony.Editor/Yang Meiling
China Electric Equipment Group recently launched a large-scale centralized procurement of energy storage batteries. The product purchased this time is 314 ampere hour lithium iron phosphate battery cells, with an estimated total purchase of approximately 19.80 gigawatt hours and a purchase amount of approximately 6.9 billion yuan. Based on this calculation, the purchase price of battery cells is approximately 0.3484 yuan/watt hour.Editor/Yang Meiling