BAKU, Azerbaijan, June 1. The feasibility study
of the project of the Green Energy Corridor Caspian Sea — Black Sea
— Europe (Black Sea Energy) will be completed by July of the
current year, the Minister of Energy of Azerbaijan, Parviz
Shahbazov, said at the ministerial plenary session on
"International Cooperation for a Resilient and Diversified Energy
Future", held within the Baku Energy Week, Trend reports.
"In modern conditions, when interconnection becomes a new
architecture of strength, Azerbaijan is building new energy bridges
across Eurasia using electricity and green energy. In this context,
the technical and economic substantiation of the Caspian Sea —
Black Sea — Europe Green Energy Corridor project, which provides
for the phased transfer of power in the amount of 3.9 GW starting
from 2032, will be completed by July of this year," the minister
said.
Shahbazov noted that the feasibility study for the Central
Asia-Azerbaijan energy corridor project, financed by the Asian
Development Bank and the Asian Infrastructure Investment Bank, is
expected to be completed in May 2027.
Meanwhile, the Black Sea Energy project (also known as the Black
Sea Submarine Cable) is a landmark transcontinental green energy
corridor connecting the South Caucasus to Southeast Europe.
Spearheaded by Azerbaijan, Georgia, Romania, and Hungary, it aims
to transmit renewable energy directly into the European grid.
