Within the framework of the “green energy” export project along the Caspian–Black Sea–Europe route, the Green Energy Corridor (GECO / Black Sea Energy) joint venture and Saudi Arabia’s “ACWA Power” company will prepare a cooperation plan in the coming months.
This was reported to “Report.”
During an online meeting between the companies, an agreement was reached, and both parties also discussed prospective directions for cooperation. Similar discussions have been held regarding the Central Asia–Azerbaijan Trans-Caspian “green energy” cable project.
It should be recalled that the Memorandum of Understanding on the establishment of a joint venture for the Caspian–Black Sea–Europe Green Energy Corridor was signed on July 25, 2023, between Azerbaijan, Georgia, Romania, and Hungary.
The submarine power cable to be laid across the Black Sea will directly connect Georgia with Romania and will become one of the largest infrastructure projects integrating the energy systems of the South Caucasus and Southeastern Europe. The total length of the cable exceeds 1,155 km (1,115 km underwater, 40 km onshore), with a voltage of 525 kV and a transmission capacity of 1,300 MW. The construction of the project is planned to be completed in 2032.
The Central Asia–Azerbaijan Green Energy Corridor, established jointly by Azerbaijan, Kazakhstan, and Uzbekistan, may be connected to the Caspian–Black Sea–Europe corridor in the future. This would link a significant part of Central Asia to Europe via two seas.
On April 4, 2025, Azerbaijan, Kazakhstan, and Uzbekistan reached an agreement — with the support of the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) — to launch the first phase of the “Caspian Green Energy Corridor” initiative. The parties signed a cooperation agreement on the preparation of a feasibility study for the integration of the energy systems of the three countries and the creation of a route for exporting renewable energy to Europe.
https://report.az/energetika/acwa-power-azerbaycan-vasitesile-avropaya-yasil-enerji-nin-ixraci-layihelerinin-sinerjisinde-istirak-edecek