BAKU, Azerbaijan, May 24. The terms of reference for the Caspian-EU green energy corridor are being finalized, said Azerbaijan’s deputy energy minister Elnur Soltanov, Trend reports.
“Feasibility study should tell us how to proceed. We’re finalizing terms of reference. In a year we will have clear picture on how to move forward,” he said speaking at discussions on EU-Azerbaijan energy cooperation.
He pointed out that Bulgaria will also join the project in less than a month.
Soltanov went on to add that beyond green electricity, Azerbaijan will be producing green gases as well.
“It is also possible that we export green electricity for instance to Romania and green gas is produced there and then goes to entire European market,” the deputy minister explained.
Azerbaijan, Georgia, Romania and Hungary signed the agreement on Strategic Partnership in the Development and Transmission of Green Energy on December 17, 2022, which provides, among other things, for the construction of an energy bridge from the Caucasus region to Europe.
As part of the agreement reached, it is expected to build Black Sea Energy's underwater electric cable with a capacity of 1000 MW and a length of 1,195 kilometers.
The cable will be intended for the supply of green energy generated in Azerbaijan through Georgia and the Black Sea to Romania for subsequent transportation to Hungary and the rest of Europe.
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