The European Bank for Reconstruction and Development (EBRD) is evaluating potential participation in the Black Sea Submarine Power Cable project, an initiative aimed at enhancing regional energy connectivity.
The project, which involves laying a high-voltage power transmission cable under the Black Sea, is expected to strengthen energy security and facilitate electricity trade between Europe and the South Caucasus. According to the EBRD, the bank is currently assessing the optimal forms of engagement in the project, including possible financial and technical support.
The Black Sea Submarine Power Cable project has garnered significant interest from international financial institutions and energy stakeholders, as it is seen as a strategic initiative for integrating renewable energy sources into the European grid.
https://report.az/energetika/ebrd-azerbaycanin-hidrogen-strategiyasini-desteklemek-ucun-investisiya-mexanizmlerini-oyrenir/