The project was approved by the leaders of the four countries in 2022.
Today, September 3, a joint project of Romania, Hungary, Georgia and Azerbaijan to establish a power transmission line in the Black Sea was launched, the goal of which is to deliver more renewable energy to the European Union from the eastern Caucasus.
AP reports this.
It gained momentum after Russia launched a full-scale invasion of Ukraine and highlighted the EU's dependence on Russian energy as prices rose sharply. Since then, the 27-nation bloc has been trying to wean itself off Russian energy.
The cable will connect Azerbaijan, which is believed to have significant potential for generating electricity from Caspian Sea wind farms, to EU members Romania and Hungary via Georgia.
Government ministers from the four countries discussed the joint venture in the Romanian capital, saying the project would help bolster energy security and lower electricity prices for consumers.
Romanian Energy Minister Sebastian Burduja said the project was of strategic importance for his country and the EU as a whole.
His Azerbaijani counterpart Parviz Shahbazov said renewable energy would help address climate change climate.
The meeting participants were joined by the Deputy Minister of Energy of Bulgaria to discuss the country's accession to the project.
The next meeting on the project will take place at the UN climate change meeting, which will be held in Azerbaijan.
Recall that the day before it became known that Turkey wants to join BRICS. Other countries interested in joining the bloc include Malaysia, Thailand and Azerbaijan.
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