Azerbaijan Reveals Timeline For Preparing Black Sea Energy Project's Feasibility Study

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 17. A feasibility studyfor the Black Sea Energy (Caspian-Black Sea-Europe green energycorridor) project will be ready by the end of 2024, AzerbaijaniMinister of Energy Parviz Shahbazov said, Trend reports.

He made the remark at the high-level plenary session themedTripling Renewable Energy as a part of the 14th Assembly of theInternational Renewable Energy Agency's (IRENA) in Abu Dhabi.

“By 2030, Azerbaijan will become a country that contributes toexpanding both domestically and regionally the potential ofrenewable energy, given its intentions to supply green energy tothe EU in accordance with the European Union's energy partnership,”Shahbazov noted.

According to him, such a regional context for the development ofgreen energy is of strategic importance for achieving the globalgoals of tripling renewable energy in the world.

“The Caspian-Black Sea-Europe green energy corridor project willmake Azerbaijan one of the leading countries in regionalintegration in the field of renewable energy,” he added.

On December 17, 2022, Azerbaijan, Georgia, Romania, and Hungarysigned a strategic collaboration agreement that calls for thedevelopment of an energy bridge connecting the Caucasus toEurope.

The deal calls for the construction of a 1,000 MW Black Sea Energyunderwater power line covering 1,195 kilometers. The cable isdesigned to carry 'green' electricity generated in Azerbaijan,routed through Georgia and the Black Sea to Romania, and thensupplied to Hungary and the rest of Europe. This system will allowfor the provision of up to four gigawatts of green energy.

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