The final investment decision on the Green Energy Corridor project connecting the Caspian Sea with Europe is targeted for adoption in 2029.
Sea-news.az reports that Azerbaijan’s Minister of Energy Parviz Shahbazov announced this in a post on his social media account on “X”.
The minister stated that during the forum titled “Green Energy Corridor: From Feasibility Study to Implementation” held in Baku, the findings of the project’s feasibility study were discussed for the first time with international investors, financial institutions, and business partners.
According to him, the objective is to bring this strategic project, with a transmission capacity of 4 GW, to the final investment decision stage in 2029 built upon a sustainable business model, reliable financing mechanisms, and robust partnerships.
P. Shahbazov noted that the corridor, which will link the Caspian region’s renewable energy potential with European markets, will create new opportunities in terms of enhancing energy security, diversifying energy sources, and expanding regional energy integration.
