Council of Ministers @GovBulgaria approved the participation of #Bulgaria in a joint venture for the implementation of the “Green Energy Corridor” project involving the transfer of #GreenEnergy from #Baku to Central #Europe. The initiative is based on the strategic… pic.twitter.com/6LEeTY3cW2
— Huseyn Huseynov (@HJHuseyn) June 27, 2024
Azerbaijan, Georgia, Romania, and Hungary signed an agreement on strategic partnership for the construction of the Black Sea Energy underwater electric cable with a capacity of 1 GW and a length of 1,195 km on December 17, 2022, in Bucharest. In June 2023, it was announced that Bulgaria had joined the project.
The cable is designed to supply “green” electricity generated in Azerbaijan through Georgia and the Black Sea to Romania for subsequent transportation to Hungary and the rest of Europe. The construction of the facility will take 3-4 years. The European Commission plans to allocate 2.3 billion euros for the project.
In May 2024, energy operators from Azerbaijan, Romania, Georgia, and Hungary signed a memorandum to create a joint venture as part of the implementation of the Black Sea Energy project. The joint venture will operate in Romania.
News.Az
Source link : https://news.az/news/bulgaria-joins-project-on-transfer-of-green-energy-from-azerbaijan-to-europe
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Publish date : 2024-06-27 07:00:00
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