Hungary, Romania, Georgia, Azerbaijan agreed to the Black Sea electricity project | Daily News Byte

Hungary, Romania, Georgia, Azerbaijan agreed to the Black Sea electricity project

 | Daily News Byte

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The leaders of Azerbaijan, Georgia, Hungary and Romania signed an agreement in Bucharest on Saturday to build an underwater electric cable under the Black Sea.

The project could become a new source of energy for the European Union as the bloc seeks to reduce its reliance on Russian energy.

“Since the beginning of the Russian war, we have decided to move away from Russian fossil fuel and diversify our options towards reliable energy partners, such as those present at this table.” And it works,” said Ursula von der Leyen, President of the European Commission.

The 1,100 kilometer cable from Azerbaijan to Romania will provide Azerbaijani energy to the rest of the continent.

It will also benefit Moldovans and Ukrainians, who have seen their energy security threatened by Russian supply cuts and bombing of critical infrastructure.

The project could be completed in three to four years.

As the President of Azerbaijan Ilham Aliyev explained, that Asian country currently produces 27 gigawatts of wind and solar energy and is developing projects that should increase this capacity by 4 gigawatts by the end of 2027.

“It is a step towards creating a corridor for green energy,” said the president of the natural gas producing country.

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