Azerbaijan, Italy Negotiate Green Energy Corridor Accession Prospects
Date
10/5/2024 7:10:24 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 5. Azerbaijani Energy
Minister Parviz Shahbazov and Italian Environment and Energy
Security Minister Gilberto Pichetto Fratin discussed the prospects
of joining Italy and Serbia in the project of the“Caspian-Black
Sea-Europe” green energy corridor, Trend reports via Azerbaijan's
Energy Ministry.
The Azerbaijani-Italian consultations took place on the margins
of the G20 (G20 countries) ministerial forum in Brazil.
“The Italian company CESI is involved in the feasibility study
of this project. At the meeting with the Italian minister, the
current state of the processes of the Green Energy Corridor
project, the upcoming inclusion of Bulgaria in the feasibility
study, as well as the prospects of joining Italy and Serbia in this
project were discussed,” the information notes.
To note, the project of the green corridor is supported by the
EU; during COP29 in Baku, its primary feasibility study will be
presented.
The project is about the prospects of exporting green energy to
the EU from future wind farms of Azerbaijan on the Caspian shelf
through Georgia, the Black Sea, Romania, Hungary, and Bulgaria.
The export volume is planned to be 4 GW.
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