A Chinese company will begin construction of a solar panel manufacturing facility in Azerbaijan's Alat Free Economic Zone within the next few weeks, Valeh Alasgarov, Chairman of the Board of the Zone's Authorized Body, said at the Technovation Forum in Baku.

U.S. trade officials are expected to announce new tariffs this week on solar panels imported from four Southeast Asian nations.

By Faiq Mahmudov

Two Chinese solar panel manufacturers, TCL Zhonghuan Renewable Energy Technology and Jinko Solar, in collaboration with Saudi investors, have announced their intention to invest approximately $3 billion in the construction of solar panel manufacturing facilities in Saudi Arabia. These investments aim to develop renewable energy in the region and strengthen economic ties between China and Saudi Arabia.