2024-08-02 22:11:40
The energy corridor project implemented by Azerbaijan, Georgia, Romania and Hungary to deliver “green” electricity from the Caspian region to Europe will serve Europe’s energy security, and Serbia is closely studying this important initiative.
As reported on Thursday by Day.Az with reference to Trend, this was stated in Baku within the framework of the 8th meeting of the Intergovernmental Commission (IGC) on Trade and Economic Cooperation between Azerbaijan and Serbia by State Secretary of the Ministry of Mining and Energy of Serbia Stefan Srbljanovic.
Continuing this topic, the Azerbaijani co-chairman of the IGC, Sahil Babayev, did not rule out that Serbia will purchase “green” energy from Azerbaijan in the near future, and a corresponding agreement could be prepared.
“Green energy is a very important area for cooperation. In this context, the creation of the Caspian-Azerbaijan-Georgia-Europe via the Black Sea green energy corridor is of great importance. This corridor is designed to supply 4 GW of green energy to Europe from Azerbaijan. There are agreements with Romania and Hungary, and preliminary negotiations on this issue have been held with Serbia,” Babayev told journalists following the IGC.
According to him, the development of a feasibility study for this project will be completed in the second half of this year, after which “final decisions will be made.”
“Azerbaijan has a very large potential for green energy, it exceeds 150 GW (estimated for offshore wind energy). I hope that in the near future we will agree with Serbia on green energy projects, which is reflected in the Protocol signed in Baku following the meeting of the IGC. Azerbaijan is currently a supplier of traditional energy resources to the Serbian market, but it can also become a supplier of green energy,” the Azerbaijani minister added.
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