Four transmission system operators (TSOs) have pooled resources to create a joint venture (JV) company that will bring a subsea cable link between Azerbaijan, Romania, Georgia, and Hungary to life for a price tag of €3.5 billion, sending renewable electricity from the South Caucasus region straight to Europe’s waiting arms.

Romania Hungary Green Energy Corridor Azerbaijan Black Sea Energy Black Sea TSOs South Caucasus Georgian State Electrosystem Sebastian Burduja Romanian Energy Minister Climate Change Conference European Commission Caspian Sea Minister of Foreign Affairs