22 billion euros for electricity from the Caspian Sea: how much will the energy corridor from Azerbaijan to Europe cost? Azerbaijan presented new cost estimates for an energy corridor that would connect the Caspian Sea region with Europe via Georgia and the Black Sea. According to the project company, Green Energy Corridor Electricity Company, its construction will require 22.1 billion euros. Of this amount, it is planned to spend 14.3 billion on transmission lines and related infrastructures, and another 7.8 billion - on creating new energy capacities. Azerbaijan, Georgia, Romania and Hungary participate in the project. The first electricity supply is planned for 2032. How will the cable be laid across the Black Sea? The most difficult section will be the transition from the Georgian coast to Romania. It is planned to lay three submarine lines with a length of about 1124 km each. In some areas the depth of the sea reaches 2200 meters. The cables are supposed to ensure the transfer of electricity from Azerbaijan through Georgia to the European electricity grid. The total length of the route will be about 3,000 km. The project includes the construction of new substations, converter complexes and strengthening of existing electricity networks. Where will the electricity come from? The main volume of supply is planned to be provided by solar and wind power plants. A special place is given to offshore wind energy in the Caspian Sea, whose technical potential in Azerbaijan is estimated at about 25 GW. For the corridor to be fully operational, at least 8 GW of new renewable capacity will need to be developed in the region. At the same time, Georgia will be able not only to provide transit, but also to connect its own power plants, mainly hydroelectric power plants, to the corridor. When will deliveries to Europe begin? The construction is planned for three phases. The first line with a capacity of 1.3 GW is expected to be launched in 2032. Two more are scheduled to be operational in 2036 and 2040.

22 billion euros for electricity from the Caspian Sea: how much will the energy corridor from Azerbaijan to Europe cost? Azerbaijan presented new cost estimates for an energy corridor that would connect the Caspian Sea region with Europe via Georgia and the Black Sea. According to the project company, Green Energy Corridor Electricity Company, its construction will require 22.1 billion euros. Of this amount, it is planned to spend 14.3 billion on transmission lines and related infrastructures, and another 7.8 billion - on creating new energy capacities. Azerbaijan, Georgia, Romania and Hungary participate in the project. The first electricity supply is planned for 2032. How will the cable be laid across the Black Sea? The most difficult section will be the transition from the Georgian coast to Romania. It is planned to lay three submarine lines with a length of about 1124 km each. In some areas the depth of the sea reaches 2200 meters. The cables are supposed to ensure the transfer of electricity from Azerbaijan through Georgia to the European electricity grid. The total length of the route will be about 3,000 km. The project includes the construction of new substations, converter complexes and strengthening of existing electricity networks. Where will the electricity come from? The main volume of supply is planned to be provided by solar and wind power plants. A special place is given to offshore wind energy in the Caspian Sea, whose technical potential in Azerbaijan is estimated at about 25 GW. For the corridor to be fully operational, at least 8 GW of new renewable capacity will need to be developed in the region. At the same time, Georgia will be able not only to provide transit, but also to connect its own power plants, mainly hydroelectric power plants, to the corridor. When will deliveries to Europe begin? The construction is planned for three phases. The first line with a capacity of 1.3 GW is expected to be launched in 2032. Two more are scheduled to be operational in 2036 and 2040.