"Market-based reforms in Azerbaijan's electricity sector are important to make renewables more price competitive and accelerate the transition to green technologies," said US Ambassador to Azerbaijan Lee Litzenberger at the 2021 Naval Postgraduate School Regional Energy Security Symposium held in Baku on September 10, 2021, ONA reports.
"Attracting private investment will also be key for Azerbaijan to continue to build its renewables capacity. An open and transparent tendering process is needed to create the right investment climate for foreign entities interested in Azerbaijan's renewables sector. The United States has expertise in advanced renewable technologies. U.S. companies are prepared to partner with Azerbaijan to bring renewables to the market. I know Azerbaijan has projects planned for the newly returned territories and throughout the rest of the country. The best way to get U.S. companies involved is through an open and transparent tender process. Azerbaijan's energy sector has been transformative for the country and for European energy security. By growing its renewable energy potential, Azerbaijan can build upon its role as an important player in energy security in the region and beyond. Let me end by saying that the United States stands ready to continue to support the growth and development of Azerbaijan's energy sector and its important contributions to energy security. I hope the presentations and discussions this week have helped inform your own efforts to advance energy security in the region and around the world," said Ambassador.