Azerbaijan, Georgia, Hungary, and Romania inked an agreement for the Caspian Sea-European Union Green Energy Corridor to transfer green energy from Azerbaijan to Europe.
with Azerbaijan to provide assistance with Azerbaijan's renewable energy plan in return for Baku agreeing to double gas exports to Europe by 2027.
Delegates at the meeting in Bucharest were told that the feasibility study is expected to be completed in October, with further coordination of feasibility work entrusted to Azerbaijan's State Agency for Renewable Energy Sources.and benefit the economies of Azerbaijan, and Georgia and those countries in central and southeastern Europe through which new or expanded transit lines pass.To begin with, the studies conducted so far were completed before Russia's invasion of Ukraine.
A similar risk would be faced by any vessel laying a cable across the Black Sea. The cable itself would present a comparatively simple target for would-be saboteurs. And without guarantees that there will be a cable to carry power to European markets, it's difficult to see how Baku will be able to persuade international investors to fund its ambitious plans for generating green energy for export.
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