Georgia, Azerbaijan, Bulgaria and Turkey sign green energy corridor agreement
Economy
Ministry of Economy and Sustainable Development of Georgia
Georgian Economy Minister Mariam Kvrivishvili, Azerbaijan’s Energy Minister Parviz Shahbazov, Bulgaria’s Energy Minister Iva Petrova and Turkey’s Minister of Energy and Natural Resources Alparslan Bayraktar on Tuesday signed an agreement on energy cooperation.
The agreement aims to strengthen energy connectivity and security among the four countries, facilitate the transmission and supply of electricity generated from clean energy sources, and support the development of the necessary infrastructure.
Under the agreement, the parties will designate transmission system operators to become shareholders in a joint venture tasked with developing and implementing green corridor projects.
The countries will also cooperate on clean energy generation, transmission and trade, the expansion of existing cross-border infrastructure, and the construction of new electricity transmission lines.
The project is expected to provide a transmission capacity of at least 2,000-3,000 megawatts, enabling Georgia to diversify its electricity supply routes and export destinations while allowing domestically generated green electricity to reach European energy markets.
The agreement was signed in Antalya, Türkiye, on the sidelines of the 31st Conference of the Parties to the UN Framework Convention on Climate Change (COP31).
