The Azerbaijan–Georgia–Romania–Hungary Green Energy Corridor, one of the region’s most ambitious strategic energy initiatives, has reached a significant new milestone following the 12th Ministerial Meeting and Steering Committee of the project, held in Baku.
The meeting confirmed the successful completion of the project’s feasibility study, a key achievement that paves the way for the next stage of development and the preparation of the Final Investment Decision (FID).
During the meeting, participants approved the feasibility study results, endorsed the project’s roadmap for the next phase and adopted the 2027–2028 budget of the Green Energy Corridor Energy Company (GECO), the project company headquartered in Bucharest. GECO brings together Romania’s electricity transmission operator Transelectrica, Azerbaijan’s AzerEnerji, Georgian State Electrosystem and Hungary’s MVM.
The partner countries also signed a joint letter addressed to the European Commissioner for Energy and Housing, Dan Jørgensen, supporting the inclusion of the Green Energy Corridor on the European Union’s list of Projects of Mutual Interest (PMI). Obtaining PMI status is considered a crucial step toward securing EU co-financing for the project.
Launched in 2022, the Green Energy Corridor will establish a new transmission route for renewable electricity generated in the Caspian Sea region to European markets. The project includes both a high-voltage direct current (HVDC) submarine cable crossing the Black Sea and a complementary onshore HVDC infrastructure.
The more than 1,100-kilometre submarine cable will significantly strengthen electricity interconnections between Central and Eastern Europe and Western and Northern Europe, improving energy security, facilitating the integration of renewable energy sources and supporting the European Union’s decarbonization objectives.
For Romania and Transelectrica, participation in this strategic project represents an important opportunity to strengthen regional energy infrastructure, enhance energy security and support the country’s ambition to become a regional hub for electricity transmission.
Romania was represented at the Baku meeting by Florin Stanciu, Manager at Transelectrica and Deputy General Manager of GECO, together with Cristian Bușoi, State Secretary at the Ministry of Energy. The Romanian delegation also benefited from the strong diplomatic support of Romania’s Ambassador to the Republic of Azerbaijan, Vasile Soare.
The latest developments reaffirm the commitment of all four partner countries to advancing one of Europe’s most important cross-border renewable energy infrastructure projects, bringing the Green Energy Corridor one step closer to implementation.