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Akbar Novruz

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Azerbaijan should better integrate its energy grid planning with generation planning to advance its renewable energy transition, World Bank Group senior energy specialist Florian Kitt said at the "Green Energy Week - 2025: Azerbaijan and Central Asia" event in Baku, Azernews reports.

“Furthermore, in order to move faster with the unbundling process of the electricity sector, very detailed studies and calculations should be carried out on the generation cost, transmission cost and possible sales markets for this energy,” Kitt noted.

He stressed that such steps would help create incentives for the private sector to invest in Azerbaijan and require a fair balance between large state-owned companies and new market entrants.

According to the World Bank expert, it is important to create conditions that encourage private investors to consider opportunities in the country with greater interest.

“We were very pleased with the results of the country's first renewable energy auction. We believe that this direction needs to be expanded and deepened so that the government can fully exploit the potential for price reductions and truly obtain the best offers and the most favorable tariffs,” Kitt added.