Four states join forces to build an interconnector for Azeri windfarms

Azerbaijan formed a joint-venture company with Georgia, Romania, and Hungary on Tuesday. The aim is to build an interconnector undersea across the Black Sea to connect planned Azeri Windfarms with Europe.

Green Energy Corridor Power Company, based in Bucharest, Romanian capital will oversee the construction of a 1,000 megawatt cable that runs 1,100 km (685 miles) from Azerbaijan into Romania. This is part of the wider European Union effort to diversify its energy resources and away from Russia during the Ukraine War.

The Romanian Minister of Energy, Sebastian Burduja, said at a press conference that the project would "...interconnect markets for energy from the Black Sea Region and ensure supply diversification".

He had earlier met with the Azeri Minister of Energy Parviz Shahbazov and the Georgian Minister of Economy Levan Davitashvili, as well as Peter Szijjarto, Hungarian Minister for Foreign Affairs.

The European Commission is providing funds for the construction of this cable. It will be the longest in the world.

Burduja stated that Bulgaria could also join the joint-venture.

The Italian consulting firm CESI was contracted to conduct a feasibility report. Its preliminary findings will be presented at the United Nations COP29 Climate Summit, which Azerbaijan is hosting in November. (Reporting and editing by Jason Neely; Luiza Ilie)

(source: Reuters)