Black Sea Energy
The project, called Black Sea Energy, is part of the European Union's Global Gateway initiative. This is an international infrastructure development program to counter its Chinese counterpart, Belt and Road. The EU wants to create a bridge for the transfer of energy from the Caucasus to continental Europe: it will connect the electric power systems of Azerbaijan, Georgia, then by sea to Romania and Hungary. The project is presented as a means of diversifying the energy supply of European countries.
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Main article: Eurozone economy
According to plans for the beginning of 2023, investments for the EU initiative are expected to amount to more than 300 billion euros, but this is calculated only until 2027. By this time, the European Commission had already allocated 2.3 billion euros for Black Sea Energy.
One of the parts of the power bridge will be a high-voltage line with a capacity of 3 GW, for which it is planned to lay an underwater electric cable. This will be the first power cable laid along the bottom of the Black Sea. The underwater cable will be 1,195 km long and should be commissioned in 2029. Prior to this, Georgia and Bulgaria were connected by an underwater cable for transmitting data of the Caucasian cable system. It reaches Frankfurt in Germany.
History
2022
Signing an agreement on the development of new infrastructure by the countries participating in the
An official agreement on the development of new infrastructure was signed by the authorities of Azerbaijan, Georgia, Romania and Hungary in Bucharest on December 17, 2022. European Commission President Ursula von der Leyen said the cable could turn Georgia into a power supply center and integrate it into the EU's domestic electricity market.
Georgia as the main partner was not chosen by chance. The dominance of hydropower in the country's electricity balance makes it an attractive asset in the race to achieve zero carbon emissions. Formally, it will be possible to declare that Europe receives only clean energy. In 2021, Georgia was a net importer - that is, its electricity imports outperform exports.
Italy's CESI begins project development
The feasibility study is being developed by the Italian consulting CESI. She began the task in May 2022 and plans to finish in 18 months.
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