22 billion euros for electricity export from Azerbaijan to Europe The results of a feasibility study (TEST) for the Caspian-Black Sea-European Energy Corridor were presented in Baku. The total cost of the project is estimated at 22.1 billion euros. According to the feasibility study, the project provides electricity supply from Azerbaijan and Georgia to Romania and Hungary along the bottom of the Black Sea. The power of the three lines will be 3.9 GW. By 2040, the annual supply should reach 20 billion kWh. To assess the possibility of achieving the above indicators, let us turn to the current dynamics of electricity exports from Azerbaijan. Based on the results of 2025, Azerbaijan exported 1.15 billion kWh of electricity, and in January-September 2026 - only 301.6 million kWh. As a result, the volume of supplies planned through the new corridor is more than 17 times higher than the country's last year's exports. This, in turn, dictates the need to increase production capacity and expand Georgia's participation in the project. Based on current indicators, it is still difficult to assess the energy corridor within an optimistic scenario. According to calculations, the annual economic impact after the completion of construction will exceed 3 billion euros. However, about €1.7 billion of this amount does not come from electricity export revenues, but from the estimated cost of reducing carbon dioxide emissions. In addition, it is expected to attract EU grant funding in the amount of 25% of the capital cost, equal to approximately 5.5 billion euros. It is characteristic that Brussels has not yet accepted such commitments. For Baku, the Caspian-Black Sea-European Energy Corridor has political importance, implying the expansion of its energy presence in the European market. However, the project's commercial prospects are still very uncertain.

22 billion euros for electricity export from Azerbaijan to Europe The results of a feasibility study (TEST) for the Caspian-Black Sea-European Energy Corridor were presented in Baku. The total cost of the project is estimated at 22.1 billion euros. According to the feasibility study, the project provides electricity supply from Azerbaijan and Georgia to Romania and Hungary along the bottom of the Black Sea. The power of the three lines will be 3.9 GW. By 2040, the annual supply should reach 20 billion kWh. To assess the possibility of achieving the above indicators, let us turn to the current dynamics of electricity exports from Azerbaijan. Based on the results of 2025, Azerbaijan exported 1.15 billion kWh of electricity, and in January-September 2026 - only 301.6 million kWh. As a result, the volume of supplies planned through the new corridor is more than 17 times higher than the country's last year's exports. This, in turn, dictates the need to increase production capacity and expand Georgia's participation in the project. Based on current indicators, it is still difficult to assess the energy corridor within an optimistic scenario. According to calculations, the annual economic impact after the completion of construction will exceed 3 billion euros. However, about €1.7 billion of this amount does not come from electricity export revenues, but from the estimated cost of reducing carbon dioxide emissions. In addition, it is expected to attract EU grant funding in the amount of 25% of the capital cost, equal to approximately 5.5 billion euros. It is characteristic that Brussels has not yet accepted such commitments. For Baku, the Caspian-Black Sea-European Energy Corridor has political importance, implying the expansion of its energy presence in the European market. However, the project's commercial prospects are still very uncertain.