Feasibility study for Black Sea Energy corridor expected to be ready in summer - Azerbaijan's Energy Minister
BAKU. June 2 (Interfax) - The preparation of the feasibility study for the Caspian-Black Sea-Europe Green Energy Corridor (Black Sea Energy) will be completed in July, Azerbaijan's Energy Minister Parviz Shahbazov said.
"The completion of the feasibility study for the Black Sea Energy project is expected in July 2026, and the development of the feasibility study for the Central Asia-Azerbaijan energy corridor [Trans-Caspian corridor] is scheduled for completion by May 2027," Shahbazov said in a panel discussion at Baku Energy Week.
He also said the Azerbaijan-Turkey Energy Hub and the Azerbaijan-Georgia-Turkey-Bulgaria Green Energy Corridor projects have entered the active phase.
"Specifically, the Trump Route for International Peace and Prosperity (TRIPP) creates a strategic foundation for the formation of the Central Asia-Azerbaijan-Turkey-Europe energy architecture," Shahbazov said.
Azerbaijan's plan to build 8 GW of renewable energy capacity by 2032 is being successfully implemented, he said.
"The integration of 2 GW of the 8 GW of capacity into the national energy system will be completed next year. Network studies aimed at bringing the share of renewable energy to 43% by 2035 are in the final stage," Shahbazov said.
Azerbaijan, Romania, Georgia and Hungary signed an agreement in December 2022 on strategic partnership in the construction of the Black Sea Energy submarine cable. Bulgaria announced its intention to join the project in 2023. In the same year, the Bulgarian government greenlit the acquisition by Bulgarian Energy Holding EAD of a stake in the joint venture for the project.
Romanian power grid operator Transelectrica, Azerbaijan's Azerenerji, Georgian State Electrosystem (GSE) and Hungary's MVM signed a memorandum in May 2024 and a shareholder agreement to form the GECO Power Company joint venture to deliver the project in September. The joint venture to deliver the project was formed in Bucharest last year.
Laying the cable will take three or four years. The European Commission plans to provide 2.3 billion euros for the project.
The cable along the bottom of the Caspian will become an integral part of the energy bridge project from Central Asia across the Caspian and Black seas to Europe.
The strategic partnership agreement on the development and transmission of green energy between the governments of Azerbaijan, Kazakhstan and Uzbekistan was signed by the heads of the three states in November 2024.
OJSC Azerenerji, Kazakhstan's KEGOC and National Electric Grid of Uzbekistan signed a document on June 1, 2025, to establish Yasil Dehliz Birliyi LLC (Green Corridor Union) for implementing the Trans-Caspian Green Energy Corridor Central Asia - Azerbaijan project.
In April 2025, the energy ministers of Azerbaijan, Georgia, Turkey, and Bulgaria signed a memorandum on cooperation in the field of green energy, thereby launching the Azerbaijan-Georgia-Turkey-Bulgaria energy corridor project.
