BAKU, Azerbaijan, Feb.2. Romania has already held talks with companies to invest in green energy project with Azerbaijan, said Romania’s Minister of Energy Virgil Daniel-Popescu in an exclusive interview with Trend.
He recalled that Romania, Azerbaijan, Georgia and Hungary signed on 17th December 2022 the Agreement on Strategic Partnership in Green Energy Development and Transport. Azerbaijani President Ilham Aliyev, Romanian Prime Minister Nicolae Ciucă, Georgian Prime Minister Irakli Garibashvili and Hungarian Prime Minister Viktor Orban signed the agreement in Bucharest. Romanian President Klaus Iohannis and European Commission President Ursula von der Leyen attended the signing ceremony.
“The agreement is based on the four countries' interests in strengthening national and regional energy security and connectivity in the Black Sea basin, diversifying sources of supply, harnessing the potential for renewable energy production in the Caspian region and increasing the share of renewable energy in the national energy mix. The quadrilateral intergovernmental agreement will provide the financial and technical framework for the implementation of the submarine renewable electricity transmission cable project between Romania and Azerbaijan via Georgia and the Black Sea, and subsequently for the transmission of this energy to Hungary and the rest of Europe via the European transmission system,” said the minister.
He noted that Romania is playing an active role, has initiated negotiations for this important project and the authorities have already held talks with companies to invest in the project.
“Through this project, Romania also wants to strengthen energy security for the countries in the region,” Virgil Daniel-Popescu added.
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