The leaders of Azerbaijan, Georgia, Hungary, and Romania signed an settlement in Bucharest on Saturday to construct an underwater electrical cable underneath the Black Sea.
The mission might grow to be a brand new energy supply for the European Union because the bloc seeks to cut back its reliance on Russian power.
"Because the starting of the Russian conflict, we now have determined to desert Russian fossil gas and diversify our choices in direction of dependable companions within the power subject, comparable to these current at this desk. And it's working," mentioned Ursula von der Leyen, president of the European Fee.
The 1,100-kilometer cable from Azerbaijan to Romania will present Azeri power for the remainder of the continent.
It'll additionally profit Moldovans and Ukrainians, who've seen their power safety compromised by Russia's provide cuts and the bombing of important infrastructure.
The mission might be accomplished inside three to 4 years.
As defined by Azerbaijani President Ilham Aliyev, the Asian nation at present produces 27 gigawatts of wind and solar energy and is growing tasks that ought to enhance this capability by 4 gigawatts by the tip of 2027.
"It's a step in direction of making a hall for inexperienced power," mentioned the president of the pure gas-extracting nation.
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