BAKU, Azerbaijan, Oct. 11 Azerbaijan has a great potential in the field of renewable energy, which is sufficient not only for domestic consumption, but also for export.
Azerbaijani Deputy Energy Minister Elnur Soltanov told reporters about this, Trend reports.
“Along with the Southern Gas Corridor, Azerbaijan is creating corridors for transporting green energy. For example, Azerbaijan reached an agreement with Georgia, Romania and Hungary in December last year to create an appropriate corridor along the bottom of the Black Sea from the Caspian Sea to Europe. the Bulgarian side is interested in taking part in this project, and in the near future we expect Bulgaria to officially join this project,” he 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 Nakhchivan to Turkey and further to world markets. In addition, I believe that the creation of the Zangezur corridor will create additional routes for transporting Azerbaijani products, including green energy, to the EU markets,” he added. .
Recall that on December 17, 2022, Azerbaijan, Georgia, Romania and Hungary signed an agreement on strategic partnership, which includes, among other things, the construction of an energy bridge from the Caucasus region to Europe. As part of the agreement reached, the construction of a Black Sea Energy submarine electric cable with a capacity of 1,000 MW and a length of 1,195 kilometers is expected. The cable will be designed to supply green electricity produced in Azerbaijan through Georgia and the Black Sea to Romania for onward transport to Hungary and the rest of Europe.
Source: trend
