(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 22. Azerbaijan has great
potential in the field of renewable energy, which is sufficient not
only for domestic consumption, but also for export, Deputy Minister
of Energy Elnur Soltanov told reporters, trend reports.
"Along with the Southern Gas Corridor, Azerbaijan is creating
corridors for the transportation of green energy. For instance, the
country reached an agreement with Georgia, Romania and Hungary last
December on the creation of a corresponding corridor along the
bottom of the Black Sea from the Caspian Sea to Europe. The
Bulgarian side has also expressed interest in taking part in this
project and we expect Bulgaria to officially join this project in
the near future," the deputy minister said.
Soltanov noted that Europe and its financial institutions
welcome these projects and are ready to finance them.
"We also aim to create an energy corridor from Azerbaijan's
Nakhchivan to Türkiye and further to world markets. In addition, I
believe that the creation of the Zangazur corridor will create
additional routes for the transportation of Azerbaijani products,
including green energy, to the EU markets," he added.
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
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
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