Investments in Green Energy Corridor Project Estimated at 22.1 Billion Euros

Baku:Total investments in the Green Energy Corridor project, which aims to supply renewable energy from the Caspian region to Europe, are estimated at approximately 22.1 billion euros. This announcement was made by the Green Energy Corridor Power Company (GECO), as reported by APA-Economics.

According to Azeri-Press news agency, 14.3 billion euros of the total investment will be allocated for the construction of transmission infrastructure. This represents about 64.7% of the investments planned for the project.

The Green Energy Corridor, also known as the Caspian-Black Sea-Europe Green Energy Corridor, is a significant initiative in the field of renewable energy, aiming to enhance the supply of green energy across regions.