Agreement on green energy development signed in Romania

The Agreement between the governments of the Republic of Azerbaijan, Georgia, Romania and Hungary on the Strategic Partnership in the field of green energy development and transport was signed at Cotroceni Presidential Palace, in the presence of President of the European Commission Ursula von der Leyen, and Romania President Klaus Iohannis on Saturday.

The Agreement was signed by the President of the Republic of Azerbaijan, Ilham Aliyev, Prime Minister of Georgia Irakli Garibashvili, Prime Minister of Romania Nicolae Ciuca, and Prime Minister of Hungary, Viktor Orban.

The Agreement will provide the financial and technical framework for the implementation of the project of the submarine cable for the transport of electricity from renewable sources between Romania and Azerbaijan, via Georgia and the Black Sea, and, subsequently, for the transport of this energy to Hungary and the rest of Europe, through the European transport system.

The Black Sea Submarine Cable Project is part of the agreements in the energy field between the EU, represented by the EC, and Azerbaijan, also a flagship project for Georgia, as part of the EU Global Gateway strategy.

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