BAKU, Azerbaijan, January 23. Azerbaijan is discussing wind energy transfer from the Caspian Sea bottom to Europe with investors, Tural Aliyev, General Director of the Green Corridor Alliance Joint Venture, established within the framework of the Central Asia-Azerbaijan green energy corridor project, said during a roundtable event on the occasion of the International Clean Energy Day at ADA University, Trend reports.
According to him, currently, cooperation models are being discussed with potential investors on the green energy corridor (Black Sea Energy).
"Major work is underway to transport wind energy from the Caspian Sea to Europe through the seabed. The feasibility study for the project has already been completed, and cooperation models are currently being discussed with potential investors," Aliyev noted.
On December 17, 2022, Azerbaijan, Georgia, Romania, and Hungary signed a strategic partnership agreement outlining a plan to construct a 1,195-kilometer-long, 1,000-MW subsea energy cable under the Black Sea. This cable will transmit renewable electricity generated in Azerbaijan and Georgia to Romania, and then on to Hungary and other European countries, expanding Europe's access to renewable energy sources from the Caucasus region.
In September 2024, Romanian transmission system operator Transelectrica, Georgian State Electrosystem, Azerbaijani energy concern AzerEnerji, and Hungarian energy company MVM established a joint venture to implement the subsea cable project under the Black Sea.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel