Azerbaijan and Zhero Explore Cooperation on Caspian-Black Sea-Europe Green Energy Corridor

Baku:Azerbaijan's Minister of Energy, Parviz Shahbazov, convened with Michele Vadora, Managing Director of Zhero, during the Green Energy Corridor From Feasibility Study to Implementation Forum in Baku. The discussions centered on the potential involvement of Zhero in the Caspian-Black Sea-Europe Green Energy Corridor project.

According to Azerbaijan State News Agency, the meeting addressed the development of a commercial model for the project, attracting European electricity offtakers, and exploring financing possibilities. Michele Vadora shared insights into Zhero's expertise in large-scale energy infrastructure and international electricity interconnections, highlighting the Medlink projects that connect North Africa with Italy.

Zhero presented its strategy for establishing a portfolio of long-term electricity buyers, accessing European markets, and leveraging its experience with cable manufacturers for the Green Energy Corridor. The company expressed interest in collaborating on the development of the project.

The conversation also touched on the benefits of the European Union's Project of Mutual Interest status, which could provide financial support for research and engineering. Additionally, opportunities to supply green energy to Central Europe and neighboring markets, such as Germany's southern regions, were discussed, along with potential areas for cooperation.