Baku: Market size is of critical importance for investors in the energy transition, Sunnia Durrani-Jamal, Country Director of the Asian Development Bank (ADB) for Azerbaijan, said at the 31st Baku Energy Forum, APA-Economics reports. According to her, regional cooperation and partnerships play an important role in the successful implementation of the energy transition.

According to Azeri-Press News Agency, Durrani-Jamal highlighted that a long-term political vision and policy stability are among the key factors for investors when it comes to attracting investment into energy projects. 'Private investors want to see the overall size of the market. Larger markets are more attractive to them in terms of supply chains, human resources, and capital allocation,' she emphasized.

The ADB official also pointed out that strengthening technical capacity is of particular importance in building investor confidence. 'The importance of developing technical capacity cannot be overstated. It forms the foundation for attracting investor confidence and is, in some respects, even more important than financing,' Durrani-Jamal said.

She further stressed that improving regulatory frameworks, enhancing institutional capacity, and deepening regional cooperation are essential for the success of energy transition projects.