CREEI Attends the Seventh International Forum on Energy for Sustainable Development

From Oct. 17 to 21, 2016, the 7th International Forum on Energy for Sustainable Development (hereinafter referred to as the Baku Energy Forum) was held in Baku, Abseron, Azerbaijan. The Chinese delegation, headed by Mr. Liang Zhipeng, Deputy Director General of New Energy and Renewable Energy Division of NEA, attended the forum and the related activities. The representatives of the relevant NEA divisions, major energy companies, equipment manufacturers and other organizations also participated in the forum. Mr. Yi Yuechun, Deputy Director General of CREEI, and Ms. Wei Yingjie of the International Business Department of CREEI, attended the forum. The Baku Energy Forum was jointly sponsored by the Government of Azerbaijan and the UN Economic Commission for Europe (UNECE), and was held for the first time outside Europe. During the forum, Mr. Yi Yuechun participated in the seminar on investment and financing policies for renewable energy, delivered the keynote report of China's Experience in Renewable Energy Development and Investment. The report introduced China’s current status of renewable energy development, industrial policies and cooperation vision, which was widely recognized by the representatives from various countries. Azerbaijan has good wind and solar energy resources, but its current development and utilization are still in its infancy. From 2010 to 2014, Azerbaijan installed a total new energy capacity of 239MW, which produces about 10% of the power generation. The Government of Azerbaijan plans to install a total new energy capacity of 7.65 GW from 2013 to 2020 and implement the installation in three phases, and hopes to cooperate with China in the areas of technology, equipment and services. To further strengthen cooperation, the delegation paid a visit to the Economic and Commercial Counselor's Office of the Chinese Embassy in Azerbaijan, to learn about the cooperation and development of local Chinese-funded enterprises in the field of renewable energy. At the same time, a discussion was held with the Alternative and Renewable Energy Agency of Azerbaijan, to learn more about the current status of Azerbaijan’s renewable energy development and its future plans, and explore the cooperation opportunities between China and Azerbaijan.