BAKU, Azerbaijan, December 2. The European
Union (EU) has included the Black Sea Interconnection Cable
project, which envisages laying a green corridor from Azerbaijan to
Europe, Trend reports
via the European Commission.
The Commission has granted 235 cross-border energy projects the
status of Projects of Common Interest (PCIs) and Projects of Mutual
Interest (PMIs) – the second such list since its launch in 2023.
The selected projects will be eligible to apply for EU financing
from the Connecting Europe Facility and will benefit from expedited
permitting and regulatory processes for swift execution and
delivery.
On December 17, 2022, Azerbaijan, Georgia, Romania, and Hungary
signed a strategic partnership agreement, which includes plans for
the construction of a 1,000 MW submarine energy cable under the
Black Sea, spanning 1,195 kilometers. This cable will transmit
green electricity generated in Azerbaijan and Georgia to Romania,
with further transport to Hungary and the rest of Europe, enhancing
Europe’s access to renewable energy from the Caucasus region.
Bulgaria has also expressed interest in joining the project.
In September 2024, Romanian transmission system operator
Transelectrica, Georgian transmission system operator Georgian
State Electrosystem, Azerbaijan’s power utility AzerEnerji, and
Hungary’s power utility MVM established a joint firm to install a
submarine cable under the Black Sea.