· Baku
The Green Energy Corridor: From Feasibility Study to Implementation Forum held in Baku
The Green Energy Corridor: From Feasibility Study to Implementation Forum, dedicated to investment and partnership opportunities for the Caspian-Black Sea-Europe Green Energy Corridor project, was held in Baku. The results of the project's feasibility study were presented for the first time at the forum to international investors, financial institutions, and business partners.
Representatives from the World Bank, European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), Asian Development Bank (ADB), Black Sea Trade and Development Bank, Islamic Development Bank, Brookfield Asset Management, ACWA Power, Masdar, SOCAR Green, China Datang, State Grid Corporation of China, PowerChina, Siemens Energy, ABB, Hitachi Energy, Xlinks, Zhero, TotalEnergies, Jan De Nul, Prysmian, NKT, Hellenic Cables, ZTT, Hengtong, Orient Cable, Mitsui, CESI and other international companies participated at the forum.
The Minister of Energy of the Republic of Azerbaijan in his welcome remarks stressed that the involvement of international financial institutions and private investors, a reliable business model and long-term commercial agreements are essential for reaching the Final Investment Decision. “Our objective is to transform the Green Energy Corridor into a regional infrastructure project with a clear business model, a sustainable financial structure and attractive conditions for investors. We believe that today’s Forum will make a significant contribution to forging new partnerships, identifying concrete investment opportunities, and bringing the Green Energy Corridor closer to the final investment decision envisaged for 2029,” Minister Parviz Shahbazov stated.
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